details

All three of the major averages closed at record highs Monday after China issued a document to “effectively curb” violations of intellectual property rights such as trademarks and copyrights.

President Trump touted the strong market in a tweet on Monday.

Trade sensitive Caterpillar gained as did chipmakers AMD and Micron Technology, which have heavy exposure to China.

Commodities were mixed, with gold down 0.6 percent at $1,462 an ounce and West Texas Intermediate crude oil up 0.4 percent at $58 a barrel.