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Microsoft shares contributed to Monday’s gains, rising 2.5% on news the company won a $10 billion cloud contract from the Defense Department.

President Donald Trump called in a tweet the move to record highs a “big win for jobs, 401-K’s, and, frankly, EVERYONE.”

Last week’s 1.2% rise set the stage for a potential S&P 500 upside breakout, said Craig Johnson, chief market technician at Piper Jaffray.

The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.