Wall Street fluctuated between gains and losses during Monday's session, but ultimately ended trading hours with all three major benchmarks posting gains and the Nasdaq closing at another all-time high. Market participants are still being held back by steady increases in coronavirus cases across Southern and Western states, pressuring optimism surrounding a quick economic rebound.

The National Association of Realtors reported that existing homes sales dropped 9.7% in May when compared to April, marking the reading's third straight month-to-month decline in sales. The decrease brought the seasonally adjusted annual rate to 3.91 million, under consensus economists forecast of above 4 million and showing pressure on the housing market due to the coronavirus pandemic economic crisis. However, some analysts predict this may be the market's bottom.

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

S&P 500 Index (SPY  ): +0.66% or +20.50 points to 3,118.24

Dow Jones Industrial Average (DIA  ): +0.59% or +153.50 points to 26,024.96

Nasdaq Composite Index (QQQ  ): +1.11% or +110.35 points to 10,056.47

In Major Stock News, tech giants--Facebook (FB  ), Amazon (AMZN  ), Apple (AAPL  ), Netflix (NFLX  ), Google (GOOGL  ) and Microsoft (MSFT  )--were among the big gains on Monday as investors continue to flood tech stocks amid market uncertainty. Apple also announced on Monday that it will be transitioning away from Intel (INTC  ) chips in favor of the company's own silicon. Virgin Galactic (SPCE  ) shares skyrocketed after the company announced its deal with NASA to provide private trips to the International Space Station.

In Stock Sector News, industries mostly gained on Monday, with the only laggers being Financials -0.48%, Health Care -0.36%, Consumer Staples -0.27% and Real Estate -0.25%. The rest of the performance gains were as follows: Information Technology +1.93%, Utilities +1.34%, Consumer Discretionary +1.10%, Energy +0.63%, Communication Services +0.52%, Materials +0.40% and Industrials +0.20%.

In Commodity and Currency News, United States oil futures settled above $40 for the first time since March, with West Texas Intermediate (USO  ) increasing over 2% to around $40 per barrel. International benchmark Brent Crude (BNO  ) also settled higher, gaining over 2% to cost around $43 each. Gold (GLD  ) also reached a new monthly high, with the metal's price increasing 0.7% to price around $1,766 per ounce. Finally, the U.S. Dollar (UUP  ) lost some momentum, with the DXY Index dropping 0.07%,

For Tuesday, new homes sales data is set to be released.