The  Nasdaq Composite secured a record high Monday as investors remained optimistic over the reopening of the U.S. economy from COVID-19 lockdowns and as the Federal Reserve announced plans to enhance its Main Street lending program.

The tech-heavy Nasdaq closed at 9,924.75 or 1.1 percent putting annual gains at 10.6 percent.

The S&P 500 rose 1.2 percent turning fractionally positive for the year, while the Dow Jones Industrial Average gained over 461 points or 1.72 percent.

New York City entered phase one of its reopening plan on Monday, allowing construction and manufacturing to restart and retailers to open their doors for curbside and in-store pickups and drop-offs.

Additionally, the Federal Reserve announced enhancements to its Main Street lending program to further aid small businesses. Read more at FOX business