Wall Street marches on in the Trump rally to new record highs

Wall Street is unstoppable, with fresh highs scored on Monday at the start of a key week for markets with the pending FOMC on Wednesday.

"US interest rates initially rose amid higher commodity prices (oil made two-year highs on promised producer cuts) and Wednesday’s looming FOMC meeting. The S&P500 made a fresh record high before correcting, and the US dollar is lower" - explained analysts at Westpac.

Oil prices rallied at the start of the week and lead a demand driven environment yet again. Investors had the Dow Jones Industrial Average finish for a sixth consecutive record close on Monday, taking the top spot vrs the other main benchmarks that actually ended lower, despite fresh record highs in the S&P 500.

The blue-chip's gained 39.37 points, or 0.2%, to 19,796.22, with Johnson & Johnson  and Pfizer Inc. the main performers.. However, the S&P 500 index lost 2.57 points, or 0.1%, to close 2,256.96 with financials and consumer discretionary shares selling off. Finally, the Nasdaq Composite Index fell 31.96 points, or 0.6%, to 5,412.54.