The S&P 500 closed at a record high for the sixth straight day, with the Nasdaq also reaching a new record. A U.S.-EU trade pact was announced, lowering EU import tariffs to 15%. The Dow fell slightly, while the S&P and Nasdaq saw gains.

The trade deal is part of recent U.S. agreements with countries like Japan and Indonesia. Talks between U.S. and Chinese officials in Stockholm aim to resolve the ongoing trade war. The market remains optimistic, despite uncertainties about the long-term effects of these agreements.

The S&P 500 has set six consecutive closing records this year. Stocks have seen a strong recovery since the April tariff announcement. Enthusiasm for AI technology, trade pacts, and positive early corporate earnings have contributed to the market’s upward trend.

Investors are anticipating the Federal Reserve’s policy announcement on Wednesday. The Fed is expected to maintain current interest rates, despite pressure from President Trump. This week also features key corporate earnings reports and important economic indicators.

Nike’s stock rose after an upgrade from J.P. Morgan. Energy was the top-performing S&P sector, buoyed by a rise in oil prices. Real estate and materials sectors experienced declines. Declining issues outnumbered advancers on the NYSE and Nasdaq.

The S&P 500 had 26 new 52-week highs and five new lows, while the Nasdaq had 68 new highs and 54 new lows. U.S. exchanges saw a total volume of 17.58 billion shares, slightly below the 20-day average. Market conditions remain mixed, influenced by various factors.

Read more at Yahoo Finance: S&P, Nasdaq again close at record highs, trade choppy