Stocks moved mostly higher on Monday, with the Nasdaq leading the charge to new record highs. The major averages saw gains, with the Nasdaq up by 0.7%, the S&P 500 climbing 0.4%, and the Dow inching up by 0.1%. Profit taking initially led to weakness, but optimism about the markets’ outlook remained. Traders are expecting further interest rate cuts by the Federal Reserve, with two more anticipated by the end of the year. President Trump signed a proclamation to restrict certain H-1B workers, but traders largely shrugged off the news. Gold stocks surged, while housing stocks saw weakness. Overseas markets showed mixed performance, with treasuries showing a lack of direction. Fed officials are expected to make remarks that could impact trading on Tuesday.

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