US Stock Market Today: The S&P 500 and the Nasdaq opened at record highs on Monday as a U.S.-EU trade agreement boosted investor sentiment, kick-starting a pivotal week featuring megacap earnings, a Federal Reserve meeting, and a looming U.S. tariff deadline.The Dow Jones Industrial Average rose 45.1 points, or 0.10%, at the open to 44946.98. The S&P 500 rose 9.0 points, or 0.14%, to 6397.69, while the Nasdaq Composite rose 68.1 points, or 0.32%, to 21176.401.Europe's major bourses made modest gains and the euro fell on Monday as investors greeted a trade agreement between the U.S. and European Union with cautious relief at the start of an action-packed week for markets.The STOXX 600 (.STOXX), touched a four-month high with a slender 0.5% rise, while the euro slid 0.7% against the dollar in what was shaping up to be the biggest hit to this year's 10% rally since May.The framework trade deal, which European Commission President Ursula von der Leyen described as the best the bloc could get, will impose a 15% import tariff on most EU goods and see the EU spend $600 billion on U.S. investments while opening up some important parts of its market.Germany’s 10-year yield , the euro area’s benchmark, was 0.5 basis points lower at 2.71% after rising more than 10 basis points at the end of last week when the European Central Bank curbed talk of imminent rate cuts.Traders are also waiting for interest rate decisions from both the U.S. Federal Reserve and Bank of Japan, monthly U.S. non-farm payrolls, and earnings from megacap companies Apple, Microsoft, and Amazon.While the Fed and the BOJ are expected to maintain rates, comments from the officials will be crucial for investors to gauge the interest rate path. The trade deal with Japan has opened the door for the BOJ to raise rates again this year.Meanwhile, the Fed is likely to be cautious on any rate cuts as officials seek more data to determine the impact of tariffs on inflation before they ease rates further.. Read more on Markets by NDTV Profit.