The market is still in the green, reinforcing the notion of new highs begetting new highs, as the S&P 500 and Nasdaq Composite continue to reach new records.

The Magnificent Seven are mostly leading the market higher as earnings season shifts into high gear this week with Alphabet (GOOG/L) and Tesla (TSLA) set to release quarterly results on Wednesday after the bell.

Health Care (XLV) and Energy (XLE) are the only ones moving lower today. Energy is being weighted down by declining oil and natural gas prices, while Materials (XLB) is the leading sector as metals rise. Communication Services (XLC) is also a leading sector and getting a boost from a favorable earnings reaction from Verizon Communications (VZ).

Update on Powell

House GOP Representative Anna Luna issued a criminal referral for Fed Chair Jerome Powell today that accused him of lying under oath about the $2.5B renovations to the main Federal Reserve building.