U.S. equity markets rallied Monday morning, putting the S&P 500 on the verge of record territory.

The benchmark S&P 500 gained 0.32%  the opening minutes of trading while the Dow Jones Industrial Average was up 53 points or 0.19% and the Nasdaq Composite was higher by 0.59%. The S&P needs to finish above 3,386.15 to close at a record high and eclipse 3,393.52 to set a new intraday peak.

A record high may not be too far away after Goldman Sachs raised its yearend S&P 500 target by 20% to 3,600, citing stronger-than-expected U.S. growth helped by the firm’s belief at least one COVID-19 vaccine will be discovered by the end of the year.

Looking at stocks, Apple Inc. continues its quest to become the first U.S. company to reach a $2 trillion valuation, needing to top $467.77 a share to achieve the level.

Barrick Gold Corp. surged after a regulatory filing out Friday evening showed Warren Buffett’s Berkshire Hathaway established a position of nearly 21 million shares, worth $563 million. Berkshire also sold large portions of its stakes in JPMorgan Chase & Co. and Wells Fargo & Co. Read more at FOX Business