India, July 13 -- Following the notable advance seen over the course of the previous session, stocks have seen further upside in morning trading on Monday. The continued upward move has lifted the tech-heavy Nasdaq to another new record intraday high.

In recent trading, the major averages have risen to new highs for the session. The Dow is up 347.38 points or 1.3 percent at 26,422.68, the Nasdaq is up 152.15 points or 1.4 percent at 10,769.60 and the S&P 500 is up 34.37 points or 1.1 percent at 3,219.41.

The continued strength on Wall Street comes as traders react to more upbeat news regarding a potential coronavirus vaccine.

Pfizer (PFE) and BioNTech (BNTX) announced that two of the companies' four investigational vaccine candidates r...