Stock Market Today: Nasdaq, S&P 500 Hit New Highs to Start Packed Trading Week

The Nasdaq and S&P 500 made their way into record territory Monday on the back of strong performances by chipmakers and energy stocks.

Arrows pointing upward
(Image credit: Getty Images)

Stocks kicked off what will be a headline-packed week with largely positive action Monday that pushed the S&P 500 and Nasdaq Composite into record territory.

"This week will be full of catalysts which will include: over one-third of companies in the S&P 500 announcing earnings (that number is much higher when viewed as % of market-cap), a Fed rate decision and ... the first look at Q1 GDP and inflation data," says Michael Reinking, NYSE senior market strategist.

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Kyle Woodley was long AMZN as of this writing.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.