Stocks jumped on Monday in a broad-market rally as investors were encouraged by renewed vaccine optimism and risk sentiment rose on retreating U.S. Treasury yields. The Dow Jones International Average popped over 600 points, which the S&P and Nasdaq both shook off last week's slump.

The 10-year U.S. Treasury note yield slipped lower to 1.41% on Monday, down from its 1.6% high last week, encouraging investors that the rise in rates is slowing.

Vaccine optimism also help boost the broader market following the U.S. Food and Drug Administration's emergency use authorization of Johnson & Johnson's (JNJ  ) one-shot coronavirus vaccine. The vaccine is now the third approved for use in the U.S., following the approvals of both two shot mRNA vaccines developed by Pfizer (PFE  )-BioNTech (BNTX  ) and Moderna (MRNA  ). Johnson & Johnson expects to deliver more than 100 million doses in the first half of 2021.

Meanwhile, the U.S. House passed a $1.9 trillion coronavirus relief bill over the weekend, which includes $1,400 direct checks to individuals and $350 billion in state and local government aid, among other measures. The Senate will now vote on the legislation.

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

S&P 500 Index (SPY  ): +2.38% or +90.67 points to 3,901.82

Dow Jones Industrial Average (DIA  ): +1.95% or +603.21 points to 31,535.58

Nasdaq Composite Index (QQQ  ): +3.01% or +396.48 points to 13,588.83

For Stocks, Boeing (BA  ) shares gained on Monday after United Airlines (UAL  ) announced that the commercial airline will buy 25 additional 737 Max aircrafts and taking its delivery of other orders earlier than previously planned.

For Sector Performance, all sectors on the S&P rose higher as less than 40 stocks on the index ended lower on Monday. Leading gains, Financials (XLF  ) and Informational Technology (XLK  ) jumped over 3%, while Utilities (XLU  ), Consumer Discretionary (XLY  ), Communication Services (XLC  ), Industrials (XLI  ), Materials (XLB  ) and Energy (XLE  ) climbed over 2%.

For Commodities and Currency, the U.S. Dollar (UUP  ) rose on Monday as investors bet on faster growth following the approval of a third effective coronavirus vaccine the the U.S. The dollar index, which tracks the greenback against six rival currencies, rose 0.28% to 91.024 in later trading after earlier reaching 91.139, its highest level in almost a month. Gold (GLD  ) prices were pressured by the stronger dollar as increased risk appetite dimmed the yellow metal's safe haven appeal. Spot gold was down 0.6% at $1,723.30 an ounce, while U.S. gold futures settled 0.3% lower at $1,723.00 per ounce. Crude oil futures fell lower on Monday as concerns over slowing Chinese crude consumption overshadowed global demand optimism. International benchmark Brent Crude (BNO  ) slipped 1.3% to $63.61 per barrel, while domestic index West Texas Intermediate (USO  ) fell 1.58% to $60.53 each. Both contracts began to recover from their pandemic lows in February, rising 18% higher.

For Tuesday, market participants will focus on headlines surrounding the fate of the latest stimulus package in the U.S. Senate, as well as more corporate quarterly earnings from companies like Target (TGT  ) and Kohl's (KSS  ).