US stocks moved higher on Monday led by gains in the Nasdaq as large-cap tech stocks took over leadership after declining last week. Most sectors in the S&P 500 index were lower, led down by Real-estate, technology shares bucked the trend.
After the closing bell, IBM is expected to release earnings. Later in the week, technology giant Microsoft will report financial results. The market appears to be shaking off reopening rollbacks. There was good news on the race for a vaccine. Both Pfizer and Atrozenica announced positive results. Chevron announced that it agreed to a deal to purchase Nobel Energy.