S&P 500, Nasdaq hit new highs despite caution ahead of earnings reports, FOMC meeting

Monday was a mixed day for Wall Street, with investors cautious about upcoming big tech earnings reports, the FOMC meeting, and the release of key economic data.

While the Dow Jones Industrial Average fell more than 64 points on the day, the S&P 500 rose slightly, up zero-point-zero-two percent, while the tech-heavy Nasdaq climbed over 70 points.

Both the S&P 500 and the Nasdaq closed at new all-time highs.

Wall Street gave up early gains during the session ahead of a "big week" with big tech companies publishing earnings figures.

The FOMC meeting will take place over two days starting Tuesday, with key economic indicators, such as the July employment numbers, expected to weigh heavily on sentiment.