US and Chinese officials relieved tensions over the weekend, paving the way for a trade deal between US President Donald Trump and Chinese President Xi Jinping this week, which brought US stocks to new heights broadly on Monday.

The DJIA soared 337 points or 0.7% to close at 47,544. The S&P 500 settled above 6,800 for the first time, up 83 points or 1.2%, closing at 6,875. The Nasdaq finished up 432 points or 1.9% at 23,637. All three major indices hit record highs during the session, boosted by chip stocks such as NVIDIA (NVDA.US)      .

Related NewsInflation Rate YoY for Sep in United States is 3.0%, higher than the previous value of 2.9%. The forecast was 3.1%.
Chip manufacturers led the market rally, with NVIDIA and Broadcom (AVGO.US)      both gaining over 2%, and Tesla (TSLA.US)      surging 4.3%. Qualcomm (QCOM.US)      announced the launch of a new AI chip, vying with NVIDIA and AMD (AMD.US)      . Qualcomm shot up 11%, setting a record high during the session.

The market also focused on upcoming results announcements from several tech giants, including Alphabet (GOOG.US)      , Amazon (AMZN.US)      , Apple (AAPL.US)      , Meta (META.US)      , and Microsoft (MSFT.US)      . Investors forecast the Federal Reserve to possibly announce a rate cut on Wednesday, as last week's inflation data slightly missed.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)