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.

Wall Street was set for a higher open on Monday, as investors welcomed the prospects of new trade deals to kick off a week packed with earnings from tech giants that could dictate the market's next move.