Stocks ended mixed Monday as President Joe Biden nominated Jerome Powell for a second term as chairman of the Federal Reserve, with Lael Brainard named as vice chair.
Here are some of the market's biggest gainers for Monday:
1. Apple | Increase 0.3%
Apple (AAPL) - Get Apple Inc. Report shares surged to a fresh record high, boosting the market value of the world's biggest company past $2.7 trillion, as analysts look to improving iPhone 13 supply data heading into what could be a robust holiday shopping period.
2. Vonage | Increase 27%
Shares of Vonage (VG) - Get Vonage Holdings Corp. Report jumped after the business communications service provider agreed to be purchased by Ericsson (ERIC) - Get Telefonaktiebolaget LM Ericsson Report for $5.3 billion in cash. The move comes about three months after Jana Partners, which owns about 4% of Vonage, implored the company to hire advisers to explore strategic alternatives, including a possible sale.
3. Astra Space | Increase 17%
Astra Space (ASTR) - Get Astra Space, Inc. Class A Report shares were soaring after the company's LV0007 launch vehicle lifted off from Astra Spaceport in Kodiak, Alaska. Astra reached orbit for the first time on Saturday at an altitude of 500 kilometers, the company's co-founder and CEO Chris Kemp announced on Twitter.
4. Las Vegas Sands | Increase 6.2%
Shares of Las Vegas Sands (LVS) - Get Las Vegas Sands Corp. Report climbed following a report that the border between Hong Kong and mainland China will soon reopen. The South China Morning Post said residents will be allowed to enter the mainland without undergoing quarantine starting from early December, about two weeks sooner than originally planned.