U.S. equity markets rallied Monday as investors remained optimistic over the reopening of the U.S. economy from COVID-19 lockdowns.

The Dow Jones Industrial Average gained 218 points, or 0.8 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite were higher by 0.42 percent and 0.13 percent, respectively. The major averages have booked three consecutive weeks of gains, with the Nasdaq ending Friday’s session less than 4 points off its record close of 9,817.18.

New York City entered phase one of its reopening plan on Monday, allowing construction and manufacturing to restart and retailers to open their doors for curbside and in-store pickups and drop-offs.

Looking at stocks, airlines, cruise operators, booking sites and other travel-related names continued to shine as the reopening of America has yet to produce a feared second wave of COVID-19 infections.

Drugmaker AstraZeneca has approached rival Gilead Sciences about a potential merger that would be the largest health care deal of all-time, Bloomberg reported, citing people familiar with the matter. The report said Gilead is not interested in selling itself or merging with another big pharmaceutical company.