US stocks whipsaw to end higher as investors mull rate fears and government shutdown risks

• US stocks were volatile on Monday as investors mulled higher interest rates and a looming government shutdown.
• The government appears on track to shutdown by October 1 without a deal on spending for the coming year. 
• Major indexes clawed back the steepest losses to end slightly higher on the day.  

US stocks ended the trading session slightly higher on Monday as investors eyed risks stemming from higher-for-longer interest rates and the growing odds of a government shutdown. 

Trading was volatile throughout the day, with stocks retracing their steepest losses to end the day narrowly in the green.