Nasdaq Gains 173 Points to Kick Off Busy Week in Tech; Moderna Scores $472 Million for Coronavirus Vaccine Research

The major indexes gained on Monday amid optimism for another COVID-19 stimulus package following yesterday's comments by Treasury Secretary Steven Mnuchin that lawmakers are approaching a deal for a $1 trillion bill. The proposal is expected to include another round of $1,200 checks and could potentially extend an eviction moratorium.

The Nasdaq Composite (NASDAQINDEX: ^IXIC) outpaced the Dow Jones Industrial Average and the S&P 500. The index rose 173 points, driven by gains in major tech stocks like Apple (NASDAQ: AAPL) and Amazon.com (NASDAQ: AMZN).

CEO Tim Cook. Image source: Apple.

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Source Fool.com