Hey Moomooers,

Good evening. Here is the Monday Market Recap for you.

The Nasdaq Composite notched a fresh record Monday, but equity markets closed mostly lower, as worries about COVID-19's spread escalated and unease about global political developments kept risk taking on Wall Street in check.

How did major indexes fare?

• The $Dow Jones Industrial Average(.DJI.US)$ fell 148.47 points, or 0.5%, to end at 30,069.79.

• The $S&P 500 index(.SPX.US)$ shed 7.16 points, or 0.2%, finishing at 3,691.96.

• The $Nasdaq Composite Index(.IXIC.US)$ rose 55.71 points, or 0.5%, to a new closing record of 12,519.95, after also setting an intraday record at 12,536.23.

What drove the market?

• FDA could authorize Pfizer's Covid vaccine this week as U.S. deaths surge

  The FDA could authorize a coronavirus vaccine as early as the end of this week.

  The move would be a pivotal moment in the pandemic, as public health officials say the U.S. is likely to face its worst public health crisis in history this winter.

  An FDA advisory group is scheduled to convene on Thursday to review Pfizer’s vaccine.

• Hopes of fiscal aid

  Senate Majority Leader Mitch McConnell initially shut down the measure, but a spokesman for House Speaker Nancy Pelosi later said she and McConnell discussed their 「shared commitment to completing an omnibus [spending bill] and Covid relief as soon as possible.」

  「At this point, the market is anticipating at least several hundred billion dollars of incremental stimulus in 2020,」 said Adam Crisafulli, founder of Vital Knowledge, in a note. But 「whereas Washington had been a tailwind in late-Nov and early-Dec as fiscal progress occurred faster than anticipated, the whole topic is starting to become more neutral (and possibly a headwind to the extent Congress fails to deliver on investor assumptions).」

• Trump to sign ‘America First’ executive order on Covid-19 vaccines Tuesday

  President Donald Trump is expected to sign an executive order on Tuesday designed to ensure that U.S. efforts to assist other countries in vaccinating their populations against Covid-19 take on a lower priority than domestic inoculations.
  

Which stocks were in focus?

Here are the top movers of the market on Monday:

$Stitch Fix Inc(SFIX.US)$— Stitch Fix shares rallied more than 34% on the back of better-than-expected results for the first quarter. The personal styling company reported a profit of 9 cents per share on revenue of $490.4 million. Analysts polled by Refinitiv expected a loss of 20 cents per share on revenue $481.2 million. Stitch Fix also issued better-than-expected revenue guidance for its fiscal second quarter.

$COUPA SOFTWARE INC(COUP.US)$— The software company reported a profit of 18 cents per share for the third quarter on revenue of $133 million, sending its stock up 4%. Analysts expected earnings per share of 3 cents on revenue of $124 million. The company also issued strong revenue guidance for the fourth quarter.

$HealthEquity Inc(HQY.US)$— Shares of the health-savings company fell 3.2% after the bell even after the release of better-than-expected third-quarter results. HealthEquity posted earnings of 41 cents per share, topping a FactSet estimate of 36 cents.

$Toll Brothers Inc(TOL.US)$— Toll Brothers reported fiscal fourth-quarter results that beat analyst forecasts. The homebuilder reported earnings of $1.55 per share on revenue of $2.55 billion. Analysts polled by Refinitiv expected a profit of $1.24 per share on revenue of $2.08 billion. However, the stock traded more than 1% lower after the bell.

$UBER TECHNOLOGIES INC(UBER.US)$— Uber’s self-driving unit, Advanced Technologies Group (ATG), is being acquired by its start-up competitor Aurora Innovation, the companies announced Monday. The deal, expected to close in the first quarter of 2021, values ATG at approximately $4 billion. The unit was valued at $7.25 billionin Apr. 2019 when Softbank, Denso and Toyota took a stake.