Monday session started with a rally that later rolled over following more coronavirus related shutdown and social restrictions in the last few hours of trading. Wall Street was first encouraged by BioNTech (BNTX  ) and Pfizer (PFE  ) announcing that two of their potential coronavirus vaccines received "fast track" status from the U.S. Food and Drug Administration. Stocks soared, sending the S&P 500 briefly positive for its year-to-date, only for market sentiment to sour, dragging the Nasdaq and S&P 500 into negative territory. The Dow Jones however was able to squeeze out a modest gain at closing bell.

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

S&P 500 Index (SPY  ): -0.93% or -29.75 points to 3,155.29

Dow Jones Industrial Average (DIA  ): +0.04% or +10.77 points to 26,086.07

Nasdaq Composite Index (QQQ  ): -2.13% or -226.60 points to 10,390.84

For Major Stocks News, tech giants lost their recent momentum in later trading on Monday, with Tesla (TSLA  ) surrendering a 16% gain, while Alphabet (GOOG  ), Apple (AAPL  ), Facebook (FB  ) and Microsoft (MSFT  ) all settled in the red. Moderna (MRNA  ) shares surged on Monday following news that it will replace CoStar Group (CSGP  ) on the Nasdaq-100 Index.

For Stock Sectors, most ended the day lower as the stock market's rally fizzled out in later trading on Monday. The only sectors that ended the day with performance gains were Health Care +0.53%, Industrials +0.42%, Financials +0.32% and Utilities +0.04%. The rest that ended Monday in the negative were Information Technology -2.12%, Communication Services -1.96%, Consumer Discretionary -1.73%, Real Estate -1.63%, Energy -0.54%, Consumer Staples -0.23% and Materials -0.01%.

For Commodities and Currency, oil prices ticked slightly lower on Monday as the market weighed the coming OPEC decision scheduled for later this week. West Texas Intermediate (USO  ) dropped over 1% to settled at $40.10 per barrel, while Brent Crude (BNO  ) fell by $0.01 to $43.23 each. Gold (GLD  ) surged in the other direction, with spot increasing 0.6% to $1,809.74 per ounce, while futures closed up 0.7% to $1,814.10. Finally, the U.S. Dollar (UUP  ) edged lower in anticipation of more economic and earnings data coming this week. The DXY Index declined 0.31%.

For Tuesday, big investment banks Citigroup (C  ) and JPMorgan (JPM  ) are among the companies scheduled to report quarterly earnings.