US stocks were mixed Monday and the S&P 500 was on the verge of snapping a five-day win streak as investors digested the announcement of a trade deal between Washington and Brussels. Stocks fluctuated between gains and losses Monday afternoon after President Donald Trump and President of the European Commission Ursula von der Leyen on Sunday announced a framework for a US-EU trade deal.

U.S. stocks slipped on Monday after the S&P 500 and the Nasdaq edged up to fresh intraday records, as investors assessed the U.S.-EU trade pact and braced for a week of major market catalysts.

Wall Street's major indices were mixed on Monday after the U.S. and the European Union struck a trade deal, sending stocks to fresh highs but later paring gains. The benchmark S&P 500 (SP500) reached a new intraday high at the 6,