US equities extended their climb on Monday as a weekend trade deal with the European Union fueled optimism ahead of a jam-packed week of earnings scorecards from Big Tech, economic data and a Federal Reserve meeting.
The S&P 500 Index edged up 0.1% as of 9:40 a.m. in New York, while the technology-heavy Nasdaq 100 Index rose 0.3%. In individual movers, Samsung Electronics Co. said it would produce AI semiconductors for Tesla Inc. in a $16.5 billion pact. ASML Holding’s US-listed shares climbed following the announcement.
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