Dow jumps more than 300, Nasdaq rebounds nearly 2% from worst week since March

(CNBC) — Stocks rose on Monday as a slew of corporate dealmaking activity and optimism toward a coronavirus vaccine sparked a broad market rally.

The Dow Jones Industrial Average traded about 320 points higher, or 1.1%. The S&P 500 climbed 1.2% and the Nasdaq Composite jumped 1.8%. The tech-heavy benchmark was coming off its worst week since March.

Shares of Apple jumped 3%. The market has been following in the footsteps of its rally leader. Apple shares are down 10.6% this month.

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