Stocks rose to record levels on Monday following President Donald Trump signing the bipartisan $900 billion coronavirus relief package into law on Sunday. Each of the three major indices reached fresh intraday and closing highs, demonstrating a strong bull market for the final week of 2020.

Trump gave approval the the stimulus bill after delaying its passage, calling Congress to increase individual payments to $2,000 from $600 and to cut out cut out other parts of the bill. Despite his initial grievances, Trump ultimately signed the unchanged bill into law, as well as Congress's $1.4 trillion omnibus bill that will fund the government for the rest of the fiscal year, which averted a government shutdown.

Here's how the market closed to start the week:

S&P 500 Index (SPY  ): +0.87% or +32.30 points to 3,735.36

Dow Jones Industrial Average (DIA  ): +0.68% or +204.10 points to 30,403.97

Nasdaq Composite Index (QQQ  ): +0.74% or +94.69 points to 12,899.42

For Stocks, Alibaba (BABA  ) shares continued to slide in early trading after Chinese authorities bagan an antitrust probe into the company last week. Among other concerns, the probe calls for the company's Ant Group to narrow its business practices to focus on its core digital business. Nikola (NKLA  ) shares rose on Monday after JPMorgan forecasted a better 2021 for the electric carmaker as it launches its first trucks.

For Sector Performance, most sectors on the S&P gained alongside the broader market during Monday's session, with only Materials (XLB  ) and Energy (XLE  ) slipping into negative territory. Lead gains were held by Communication Services (XLC  ), Consumer Discretionary (XLY  ) and Information Technology (XLK  ), with each sector rising over 1%.

For Commodities and Currency, the U.S. Dollar (UUP  ) left Monday's session with little changed at 90.37 on a low volume trading day. Gold (GLD  ) prices rose following the long-awaited passage of additional U.S. stimulus, as the yellow metal's appeal was boosted as an inflation hedge. Spot gold rose as high as $1,900.04 per ounce, but settled only 0.03% higher at $1,876.51 per ounce. U.S. gold futures slipped 0.2% at $1,880.40 per ounce. Crude oil futures settled lower on Monday as overall vaccine and stimulus optimism was outweighed by demand and output concerns. International benchmark Brent Crude (BNO  ) declined 0.84% lower to $50.86 per barrel, after trading as high as $52.02 ech earlier in the session on E.U. vaccine campaign sentiment. Domestic benchmark West Texas Intermediate (USO  ) sunk 1.26% lower at $47.62 per barrel.

For Tuesday, the market is expected to continue to rally on lower trading volumes due to the shortened holiday week. Traders, however, are expected to be sensitive to coronavirus headlines.