Global stocks extend rally despite rising Covid cases

US stocks rose for a fourth day.

European stocks ended higher on Monday while trading volumes were thin with the UK market closed, as investors assess a surge in Covid cases and the impact it may have on the economic recovery.

The Stoxx Europe-600 index gained 0.6%, extending last week’s rally and hitting its highest level in five weeks. Tech shares led the gains, tracking a surge in the Nasdaq-100 Index.