Stocks enjoyed a massive rally to start the week as confidence in an election win for Hillary Clinton boosted sentiment.

The S&P 500 snapped its worst losing streak in decades, while the Dow Jones Industrial Average returned to above 18,000.

Safe-haven assets such as gold declined. Gold for December delivery fell under $1,300 an ounce in its largest one-day percentage loss in five weeks. Safe-haven assets typically fall as appetite for riskier assets increase.

Blue Nile (NILE) rocketed higher after agreeing to be taken private for $500 million in an all-cash deal. An investor group consisting of Bain Capital Private Equity, among others, agreed to make the purchase.

Windstream Holdings (WIN) moved slightly higher after agreeing to buy telecom Earthlink Holdings (ELNK) . The acquisition helps the company cut costs in an increasingly competitive industry.