The Nasdaq Composite (NASDAQINDEX: ^IXIC) has finally faced some struggles over the past week or so, but Monday morning seemed to bring some respite for the benchmark index. Greater optimism about the potential for a COVID-19 vaccine helped to bolster sentiment among investors. That helped send Nasdaq futures up more than 1%. The Invesco 100 Trust (NASDAQ: QQQ) posted similar pre-market gains.
Also driving interest in Nasdaq stocks were some big deals. Both NVIDIA (NASDAQ: NVDA) and Gilead Sciences (NASDAQ: GILD) made big moves in mergers and acquisitions (M&A), showing that in areas like technology and biotech, there's a lot of demand for trying to find ways to grow in a fiercely competitive industry environment.
Image source: Getty Images.