India, July 21 -- Stocks have moved mostly higher during trading on Monday, with the major averages all moving to the upside after ending last Friday's choppy trading session narrowly mixed. With the upward move, the Nasdaq and the S&P 500 have reached new record intraday highs.
Currently, the major averages are just off their best levels of the day. The Nasdaq is up 155.23 points or 0.7 percent at 21,050.89, the S&P 500 is up 32.32 points or 0.5 percent at 6,329.11 and the Dow is up 142.69 points or 0.3 percent at 44,484.88.
The strength on Wall Street may reflect optimism about potential trade deals, with Commerce Secretary Howard Lutnick saying he is confident the U.S. will reach an agreement with the European Union.
"These are the tw...