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

Wall Street rallied this past Monday bolstered by widespread belief that the Trump administration will reach tariff deals ahead of next week's deadline.

The tech-heavy NASDAQ hit a new high after gaining over 96 points to close trade at 20-thousand-3-hundred-69-point-7.

Similarly the S&P 500 reached a new record after rising over 31 points to end its session on Monday at above 6-thousand-2-hundred-4.

The overall market optimism follows Canada's removal of a tax targeting American tech firms that had earlier prompted U.S. President Donald Trump to call off bilateral trade talks.

Those talks are now set to resume.