U.S. equity markets continued the July 4th celebration, rallying across the board as the Nasdaq notched a fresh record.

Investors focused on the government's disclosure of Paycheck Protection Program fund recipients and the successful stimulus program as New York City began Phase 3 of its COVID-19 reopening. Also, Warren Buffett's Berkshire Hathway put its cash pile to work which was viewed as another sign of optimism.

The Dow Jones Industrial Average gained 459 points, or 1.78 percent, while the S&P 500 and the Nasdaq Composite were higher by 1.59 percent and 2.21 percent, respectively.

The Nasdaq, helped by Amazon crossing the $3,000 level for the first time, hit its 24th record-high close this year and the 150th under President Trump, who didn't miss the opportunity to chime in on the tech-heavy index's gains via a tweet. Read more at FOX Business