Stocks closed at record highs Monday after President Donald Trump signed a $2.3 trillion spending bill that includes nearly $1 trillion of coronavirus relief.
Here are some of the market's biggest gainers for Monday:
1. Myovant Sciences | Percentage Increase 20%
Myovant Sciences (MYOV) - Get Myovant Sciences Ltd. Report climbed after the biopharma and Pfizer (PFE) - Get Pfizer Inc. Report said they would collaborate on a prostate-cancer treatment, an agreement valued at as much as $4.2 billion. The U.S. Food and Drug Administration has cleared Orgovyx to treat adults with advanced prostate cancer.
2. Yelp | Percentage Increase 10%
Yelp (YELP) - Get Yelp Inc Report advanced after an article in Barron's said the online review company is poised to rebound after losing 20% of its value due to the coronavirus pandemic shutdown. The article cites changes in the company's business model and hopes for a reopening of the economy as covid-19 vaccines arrive.
3. Greenpro Capital | Percentage Increase 46%
Greenpro Capital (GRNQ) - Get Greenpro Capital Corp. Report surged after the Hong Kong consulting company said it intended to set up a bitcoin fund for investment. Bitcoin ran up to $28,000 this weekend for a variety of reasons, most prominent among them investors' fear of missing out.
4. Live Oak Acquisition | Percentage Increase 11%
Live Oak Acquisition LOAK rose. The special purpose acquisition company is holding a shareholder vote on its proposed merger with plastic products company Danimer Scientific. The merger to bring Danimer public was announced in October.
5. Gevo | Percentage Increase 30%
Gevo (GEVO) - Get Gevo, Inc. Report was up after the alternative fuel company said it had exercised an option to purchase 239 acres of land in South Dakota. Gevo said that it would build a production facility near Lake Preston, S.D., that is expected to produce 45 million gallons of jet fuel and renewable gasoline products annually.