Stocks rose Monday as investors considered another set of corporate earnings reports and awaited a slew of data on the state of the labor market this week as parts of the country continue to grapple with a rise in coronavirus cases.

The Nasdaq outperformed, jumping more than 1.5% as big tech stocks extended last week’s gains. Microsoft (MSFT) surged 6% to a record intraday high, leading the Dow higher as the company engaged in talks with the White House over a potential acquisition of social media company TikTok’s US operations.

Stimulus discussions in Washington also remained a focal point. As of late last week, Democratic and Republican lawmakers were in a logjam over the details of a new virus-related economic relief package, with the enhanced $600 per week in unemployment benefits having expired last Friday.

Democrats have pushed for a more than $3 trillion stimulus plan to extend this benefit at the $600 per week level, and also offer direct payments and more aid for state and local governments for food and housing assistance, and funding for schools and virus testing. The Republican stimulus plan, which totals around $1 trillion, would also include direct payments, but a lower level of enhanced weekly federal unemployment benefits and smaller sums in aid for Covid-19 testing and other funding. Read more at Yahoo Finance