S&P 500, Nasdaq hit new all-time highs for 2nd straight day

Both the S&P 500 and the tech-heavy Nasdaq closed at new all-time highs on Monday, as hopes for trade deals and possible rate cuts eased investor uncertainty.

The Nasdaq rose over 96 points, to close at 20-thousand-369-point-seven-three, while the S&P 500 rose over 31 points, to close above 6-thousand-204 on the day.

Both indexes ended the quarter with double-digit gains, with the S&P 500 gaining over 10 percent, while the Nasdaq rose nearly 18 percent.

Canada's recent withdrawal of its so-called "digital tax" on U.S. tech companies raised optimism about a possible trade deal between the U.S. and Canada.

Both indexes had also reached all-time highs at the close of the previous session on Friday.