The major averages kicked off the week with solid gains, building on last week's advances.
Cases in the U.S. and across the globe continue to spike as the world economy tries to reopen. Casino stocks — which stand to directly benefit from the economy reopening — were under pressure throughout Monday's session.
"Investors are using the market as a proxy for getting back to normal," says one portfolio manager. "If too many people get sick, they're going to shut down parts of the economy and the market will react."for exclusive insights and analysis, and live business day programming from around the world.
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