The Nasdaq Composite (COMP) was the strongest performer, rallying 2.6%.The Dow (INDU) closed up 0.9%, or 251 factors, and the S&P 500 (SPX) ended 1.6% larger.All three benchmarks inched nearer to report territory as soon as once more. The Nasdaq and S&P 500 stand to beat their report closing ranges from early September, whereas the Dow’s final report end was in pre-pandemic instances.In the meantime, shares of Nasdaq-listed software program firm Twilio (TWLO) rallied almost 8% after the corporate introduced it plans to purchase information start-up Section for $3.2 billion.Software program stocks look to be getting out of the rut that dominated tech stocks in September, stated Paul Hickey from Bespoke. Monday’s rally is proof of that.In any other case, the Columbus Day vacation on Monday meant a extra quiet day by way of financial information, however third-quarter earnings season is simply across the nook. The season kicks off with America’s huge banks, together with Citigroup (C) and JPMorgan (JPM) beginning to report on Tuesday.Analysts at Goldman Sachs (GS) suppose earnings will paint an uneven image of company America, as some companies recovered from a disastrous second quarter whereas others are nonetheless struggling.Moreover earnings, the election can be quick approaching with solely three weeks left to go.”Buyers are centered on the implications of a ‘Blue Wave’ election on condition that the likelihood of a Democratic sweep has climbed to 60% from 47% one month in the past,” the analysts stated in a observe to shoppers.Buyers will even need to control headlines from Washington, the place the Trump administration made a stimulus counter-offer to Democrats final week. Stocks would doubtless rally on a stimulus settlement, however thus far, after months of negotiations, all we have was volatility.There are quite a lot of transferring components, however a very powerful issue for stocks remains to be the trail of the virus and potential vaccine, the Goldman analysts stated.