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Oil, Energy Stocks Rise, Dollar Rallies On US-EU Trade Deal: What's Moving Markets Monday?

Wall Street opened the week slightly higher, led by gains in energy stocks, while the U.S. dollar posted its strongest performance in over two months, as markets reacted to the U.S.-EU trade deal struck over the weekend.

MSFT Stock is moving fast. See real-time price here.

The S&P 500 ticked up 0.1% to a new record of 6,400 points, while the Nasdaq 100 climbed 0.5%, breaking above all-time highs at 23,380 points. Nvidia Corp. (NASDAQ:NVDA) continued its rally, hitting a new record of $175 per share and reaching a staggering $4.27 trillion market capitalization.

Under the new trade agreement, the U.S. will impose a 15% tariff on EU imports, including pharmaceuticals and automobiles. Certain sectors such as steel, aluminum, and copper will face steeper tariffs of up to 50%.

In return, the European Union has pledged to purchase $750 billion worth of U.S. energy exports over the next three years—up from roughly $100 billion annually—and to invest an ...