US stock indexes closed mixed on Monday, with S&P 500 and Nasdaq 100 hitting record highs. Positive trade news boosted stocks after a US-EU deal. The markets await new trade deals and key economic data this week. Bond yields rose on weak auction demand. FOMC meets Tuesday, no rate change expected. Trump sets August 1 deadline for trade deals to avoid high tariffs.

Chip and energy stocks rallied on trade deal news. Mining stocks fell as gold and copper prices dropped. Super Micro Computer, Nike, and Weatherford International rose. Centene and Coinbase Global declined. Gilead Sciences and Accenture Plc dropped on analyst notes. Cisco Systems downgraded. Busy earnings week ahead with key companies reporting.

European government bond yields mixed on Monday. ECB unlikely to cut rates unless major economic deterioration. Federal funds futures price in a rate cut in September. Busy earnings week ahead with tech giants reporting. Stock indexes close mixed overseas. US Treasury raises Q3 borrowing estimate. Key economic data and trade deal news to drive markets this week.

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