Wall Street adds to gains, hits record highs

U.S. stock indices rose to record highs on Monday, carrying over the rally of last week, after Wall Street closed at record highs on Friday. 

Geopolitical tensions in the Eurozone and America didn't curb the momentum of stocks today, after drawing support from U.S. president Donald Trump's announcement last week of "phenomenal" corporate tax cuts to come soon.
 
On the other hand, Wall Street drew support from the meeting between Japan's prime minister Shinzo Abe and U.S. president Trump this weekend, at which both sides didn't spare over the issue of weakening the currency and its impact on trade, which was received well by the markets.
 
Markets now await Fed Chair Janet Yellen's testimony ahead of Congress, expected to include some clues on the future of interest rates and monetary policy and how it would go with the new U.S. administration's policies.
 
Standard and Poor's 500 rose 0.51%, or 103.57 points to 20,372.94, while Dow Jones gained 0.41%, or 9.56 points to 2,325.66.
 
Tech-heavy NASDAQ advanced 0.46%, or 26.16 points to 5,760.29.