US stocks wrapped up Monday higher, backed up by spiked gains from Tesla and Apple, as investors widely anticipate Fed’s meeting this week to get further hints regarding the interest rate trajectory. 

Traders projected on a broader scale that Fed would maintain a hawkish stance while holding rates steady.
Tesla ticked up by 15.3% following developments in the electric vehicle manufacturer's efforts to obtain regulatory clearance to introduce its top notch driver-assistance program in China.

Apple saw a soar in its share price by 2.5% following the news that iPhone makers have resumed negotiations with OpenAI about the integration of AI technology.
Speaking of the S&P 500 sectors, 11 closed higher, with stocks in consumer discretionary, utilities, real estate, materials and industrials at the forefront.
On the other hand, losses were led by communication services and financial stocks.
A reported by LSEG, money markets are projecting a trim in interest rates of roughly 35 basis points (bps) this year, as opposed to the roughly 150 bps observed at the start of the year.
Nasdaq Composite added 55.18 points or 0.35% to 15,983.08, while the S&P 500 climbed by 16.21 points 0.32% to 5,116.17 and Dow Jones gained  146.43 points or 0.38% to 38,386.09.