Spy and QQQ close at new record highs, buoyed largely by Tesla Apple and Microsoft all gaining well over 1% on the day. Dow finishes slightly down.

US10 year down to 1.47 from 1.54 on Friday, helping tech sector rally as this usually means cheaper borrowing for tech, a sector that relies heavily on borrowed capital.

Some more events that traders are looking at in the coming week are the June jobs report due Friday and the OPEC meeting on Thursday.

Commerce department inflation indicator was up 3.4% in May, largest jump for a month since 1990's, perhaps signaling that inflation is coming soon and will be around longer than anticipated by the fed.