US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.

US stocks close mostly higher on an EU trade deal. S&P 500 and Nasdaq hit records, but Mag Seven earnings and the Fed meeting could turn sentiment.

Investors kick off a hectic week with stocks moving mostly lower after a U.S.-European Union trade deal, with a Fed meeting, jobs data and a deluge of corporate earnings on deck.

The energy purchases are a key component of a trade deal struck between the European Union and the U.S. over the weekend.

London's main stock indexes closed lower on Monday, pressured by industrial shares, while investors assessed a U.S.-EU trade deal along with economic data.

U.S. stock futures rose Friday after the Nasdaq closed at a new record Thursday. European shares fell in line with Asia amid uncertainty regarding Fed interest rates.

Easing tariff concerns could fuel a breakout in European equities after months of market stagnation, according to Barclays analysts.

President Donald Trump later said that he wouldn’t go below 15% as a floor for the so-called reciprocal tariffs ahead of the deadline on August 1, and suggested that some levies may go as high as 50%. Speaking at an AI summit on Wednesday, Trump said: