The S&P 500 and the Nasdaq notched record high closes on Monday, lifted by Alphabet and other megacaps ahead of several earnings reports this week, while investors bet on potential trade deals to blunt economic damage from the Trump administration's global tariffs.

The S&P 500 and Nasdaq closed at record highs, driven by gains from Alphabet and other major tech companies. Verizon's substantial rise followed its profit forecast upgrade. Investors are closely monitoring upcoming earnings reports and potential trade developments amid ongoing U.

U.S. stocks moved higher on Monday as optimism around earnings overshadowed any investor fears over the latest developments in trade.

The latest batch of robust earnings results from major companies helped lift stocks, with the S&P 500 and Nasdaq Composite reaching new highs.

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The S&P 500 is currently up 7.30% year-to-date, while the S&P Equal Weight is up 5.46% year-to-date. Read more here.

The S&P 500 and Nasdaq notched new all-time highs, buoyed by easing trade tensions and hopes for lower interest rates.

Dozens of companies listed under the index have surpassed analyst expectations through a series of earnings reports this week.