Wall Street held another volatile trading session on Monday, ultimately ending the day with gains following the Federal Reserve's announcement that it will begin purchasing individual corporate bonds in part of its coronavirus relief effort. Earlier in the session, stocks traded lower as market participants traded with sour sentiment due to an anticipated second wave of coronavirus restrictions in parts of the United States.

Here's how the market settled to start the trading week:

S&P 500 Index (SPY  ): +0.83% or +25.28 points to 3,066.59

Dow Jones Industrial Average (DIA  ): +0.62% or +157.62 points to 25,763.16

Nasdaq Composite Index (QQQ  ): +1.43% or +137.21 points to 9,726.02

In Major Stock News, investment banks--Bank of America (BAC  ), Citigroup (C  ), Goldman Sachs (GS  ), JPMorgan (JPM  ), Morgan Stanley (MS  ) and Wells Fargo (WFC  )--all gained on Monday as investors were encouraged by the Fed's new decision. big tech--Facebook (FB  ), Amazon (AMZN  ), Apple (AAPL  ), Netflix (NFLX  ) and Google (GOOGL  )--gained with Monday's upswing. Shopify (SHOP  ) and Walmart (WMT  ) partnered on Monday to allow Shopify's third-party sellers to list on Walmart's e-commerce marketplace. Airlines--American (AAL  ), Delta (DAL  ), Jet Blue (JBLU  ), Southwest (LUV  ) and United (UAL  )--came under pressure as investors feared for a resurgence of air travel restrictions.

In Stock Sectors News, even sector joined in on the late trade rally following the Fed's announcement. The performance gains were as follows: Financials +1.38%, Consumer Staples +1.06%, real Estate +1.01%, Communication Services +1.00%, Materials +0.93%, Industrials +0.93%, Consumer Discretionary +0.87%, Information Technology +0.87%, Utilities +0.63%, Health Care +0.18% and Energy +0.09%.

In Commodity and Currency News, crude oil futures shook off their demand concerns and settled slightly higher on Monday. West Texas Intermediate (USO  ) increased over 2% to cost around $37 per barrel and Brent Crude (BNO  ) climbed about 2.6% to price around $40 per barrel. Gold (GLD  ) futures dropped, bringing the metal's price down about 20% to about $1,733 per ounce. Finally, the U.S. Dollar (UUP  ) also declined on Monday, with the DXY Index pushing lower by 0.71%.

For Tuesday, market participants will trade based on data from U.S. retail and industrial production as well as coronavirus headlines. Federal Reserve Chairman Jerome Powell is also set to testify before Congress on the central bank's monetary policy.