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U.S. stocks opened higher on Monday as Apple boost

U.S. stocks changed their course trading higher on Monday, helped by a rise in technology stocks including Apple.

Apple rose nearly 1%, hitting a new record-high of $141.34, lifting the tech-heavy Nasdaq Composite index to yet another intraday high. The iPhone-maker's stock could rise another 10 percent in six months, Barron's wrote in an article posted Saturday.

The U.S. stock market has been on record-setting spree since the election of Donald Trump as president, but the rally has weakened in recent weeks as investors stressed over the lack of clarity on his proposals to reform taxes and cut regulation.

Analysts have also said the Trump administration is spending too much of its political capital to pass a Republican-proposed healthcare bill, which may leave it wanting for support when it tries to reform the tax code.

Meanwhile, oil prices fell as investors continued to unwind bets on higher prices.

The U.S. Federal Reserve's conservative rate guidance is also keeping the market in check. All eyes will be on Federal Reserve Bank of Chicago President Charles Evans when he speaks later in the day.

In an interview with Fox Business Network TV earlier on Monday, Evans said the Fed is on track to raise interest rates twice more this year. A host of Fed officials are scheduled to speak this week, including Chair Janet Yellen on Thursday.

Last week, the central bank raised interest rates for the first time this year but stuck to its outlook for two more hikes this year, instead of three expected by the market.

In other stocks, Walt Disney rose 1.1% to $112.96 after the media and entertainment company's "Beauty and the Beast" topped box-office sales. The stock was the second-biggest boost on the Dow.