The S&P 500 edged up 0.1% to trade at record levels and the Nasdaq added 0.4% while the Dow Jones swung around the flatline on Monday, as the initial enthusiasm around the US-EU trade deal started to fade. The US and the EU reached a deal under which EU exports to the US will face a 15% tariff, half the 30% rate initially threatened by President Trump. Additionally, US and Chinese officials are scheduled to meet today to discuss ongoing trade issues, with a widely expected extension of the current truce. Energy was by far the top performing sector, namely Exxon Mobil (1.2%), and Chevron (0.8%). Defense and LNG stocks were also higher, including Lockheed Martin (1.5%) and GE Aerospace (0.5%). On the other hand, materials booked the biggest loss. Meanwhile, investors are gearing up for the busiest earnings week of the season, with Microsoft, Apple, Amazon, and Meta set to report quarterly results. The Fed’s monetary policy decision and a slate of key economic data will also be in focus.