| Strong Start For Stocks, Earnings And Stimulus In Focus  Image: Bigstock Stocks closed solidly higher yesterday to start the week off on a strong note.
The Nasdaq led the way with an outsized gain of 1.67%. YTD they're up more than 17%. The S&P closed back in the green for the year as well. While a 0.27% YTD gain isn't as impressive as 17%, the fact that it erased a -30% loss in 4 short months is wildly impressive and nothing short of historic.
Earnings season kicks into gear this week with another 855 companies reporting earnings between today and Friday. Then another 1,755 next week.
Traders will continue to watch the news on case counts.
And news on vaccines. Moderna begins their Phase 3 trials this week. Pfizer along with partner BioNTech will begin their final stage testing as well. Then in August, AstraZeneca will begin their Phase 3 trials. While a vaccine isn't likely to be ready until October at the earliest, those are just a few examples of companies with promising vaccines the U.S. government has been providing support to through their 'Operation Warp Speed' program to ready delivery of a vaccine if they prove viable.
Because once a successful vaccine is ready and available, it will mark the beginning of when the world can truly begin to get back to normal.
In the meantime, earnings and the prospects for the fourth coronavirus relief/stimulus bill will likely be the main focus this week.
The market clearly likes what it's seeing in terms of the economic recovery, reopening setbacks notwithstanding. And any kind of additional good news is likely to send the market even higher.
So make sure you're taking full advantage of it.
See you tomorrow, 
Kevin Matras Executive Vice President, Zacks Investment Research | Most Popular Articles from Zacks.com | 
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