Wall Street rose sharply across the board on Monday as investors cheered a vaccine from Johnson & Johnson getting U.S. approval and Washington moved forward with another stimulus bill.
The Dow jumped 600 points while the S&P 500 had its strongest one-day gain since June.
Financials and technology led the broad-based rally, which saw big tech name such as Apple, Microsoft and Facebook climb after being hit last week.
Courtney Dominguez is Senior Wealth Advisor at Payne Capital Management.
"I'm really happy to see how well the markets have opened this week. We're seeing a really big rebound in the markets and that's after a big sell off that we saw last week with interest rates starting to rise. I think what we're seeing that markets are going to at the end of the day price in all this good economic data that we keep continuing to see. So we're going to have some up and downs now but seeing how quickly markets are recovering, I see that as a really positive sign."
Travel stocks such as Delta and American Airlines rose on the hopes that more shots in arms will lead to a swift economic recovery.
While Boeing jumped nearly 6% after United Airlines said it was buying 25 new 737 MAX jets and moved up the delivery of others as United prepares for expected growth in demand once the health crisis abates.
Meanwhile the GameStop saga continues, shares of the video game retailer ended up nearly 20% as volume spiked late in Monday's session.