U.S. equity markets rallied Monday amid a flurry of deals worth around $67 billion in tech, telecom and biotech, along with optimism a COVID-19 vaccine will be distributed by yearend.

The Nasdaq Composite paced the gains rising 1.86%, as tech stocks continued to dictate the market’s direction after Nvidia agreed to purchase Arm Holdings from SoftBank Group in a $40 billion cash and stock deal.

Join BJL status for engagements, births, deals, levayos, events & more:  bit.ly/32HUBnJ

Join an official BJL WhatsApp group for breaking news as it happens: bit.ly/34zdGuF

The S&P 500, meanwhile, closed higher by 1.27% after Gilead Sciences Inc. agreed to a $21 billion deal for Immunomedics Inc. and Verizon Communications Inc. announced a $6.25 billion deal to buy wireless phone reseller Tracfone from America Movil SAB. Read more at FOX Business