The S&P increased by more than 0.6% on Monday afternoon to a record intraday high of 6,336, while the Nasdaq rose up to nearly 0.8% to an intraday record of 21,077 before both indexes pared gains back slightly.

Standard and Poor's 500 and Nasdaq Composite 500 ended trading Monday with record highs as companies prepare to release earnings this week but amid tariff fears.

US stocks start up on earnings reports and before a consumer sentiment survey that'll show if consumers are feeling the weight of Trump's tariffs.