U.S. equity markets rallied Monday as investors were on the hunt for bargains after a fourth straight week of losses.
The Dow Jones Industrial Average gained 372 points, or 1.37%, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite were higher by 1.41% and 1.55%, respectively.
The early gains put the Dow and the S&P on track to snap their four-week losing streaks. The Nasdaq, meanwhile, looks for a second consecutive weekly advance.
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Mega-cap tech stocks including Tesla Inc., Apple Inc. and Microsoft Corp. were all higher.
Amazon Inc. will hold its Amazon Prime Day on Oct. 13-14. The annual event, which is typically held in July, was postponed due to COVID-19.
Meanwhile, cruise operators and airlines gained amid continued optimism surrounding