S&P 500 AND NASDAQ NOTCH RECORD HIGHS WITH INFLATION DATA AND EARNINGS IN FOCUS

The Nasdaq and the S&P 500 hit record highs on Monday, while the Dow scaled a more than one-month high, Congressional testimony from Federal Reserve Chair Jerome Powell and the start of earnings season this week.

Expectations for interest-rate cuts as early as September received a boost after Friday's nonfarm payrolls showed U.S. job growth slowed in June, the latest data to point to weakness in labor market conditions.

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