S&P 500 Record Run Continues as Banks Set to Kick off Earnings Season; European stocks climb to a record high as traders anticipate U.S. bank earnings 
The three major averages closed at record highs as investors looked ahead to the quarterly earnings from major banks as catalyst for further direction.   
The S&P 500 climbed 0.4% to close at a record of 4,384.63. The Dow Jones Industrial Average was up 0.4%, or 126 points to a record close, just shy of the 35,000 level, while the Nasdaq gained 0.2% to new closing record of 14,733.24. 
A slew of major Wall Street banks are set to kick off the quarterly earnings season in earnest this week, with JPMorgan Chase & Co (NYSE:JPM) and Goldman Sachs (NYSE:GS) reporting earnings on Tuesday. 
In vaccine news, Johnson & Johnson (NYSE:JNJ)came under pressure on reports the Food & Drug Administration plan to warn that the pharma giant's Covid-19 vaccine is linked to a low risk of neurological disorder. 

European stocks climbed to a record high on Monday as traders looked ahead to second-quarter earnings from major U.S. banks this week. 
The pan-European Stoxx 600 index provisionally closed up 0.7% to hit an all-time high. Financial services and utilities shares posted the biggest gains, up 1.5% and 1.4% respectively. Travel was the only sector in the red, falling 1.3%. 
Looking at individual stocks, French IT firm Atos plunged 17.4% to the bottom of the Stoxx 600 after issuing a profit warning. 
Source: CNBC, Investing.com