On Monday, US stocks opened the week on a positive note, with the S&P 500 and Nasdaq Composite hitting new record highs. The Dow Jones Industrial Average, however, saw a slight dip. This week is expected to provide crucial insights into the direction of interest rates in the near future. Following a jobs report indicating a softening labor market, traders are increasingly betting on a September rate cut by the Federal Reserve. Around 75% of traders are expecting a rate cut next month. Events scheduled for this week, including Fed Chair Jerome Powell's testimony in Congress and the release of the latest Consumer Price Index, could further bolster expectations for a rate cut. In corporate news, Boeing faced consequences for its role in the fatal 737 Max crashes, with shares rising slightly. On the other hand, Tesla stock continued its winning streak, closing up 0.5% despite initial losses.