Dow Jones jumps 224 points, S&P 500 hits new record high

NEW YORK, New York - Buyers were battling to get a foothold on Monday as Wall Street kicked off the new week. By the close of trading however the major indices had notched up modest gains, with the Standard and Poor's 500 cruising to a new record high.

With no economic data for invetsors to dissect, earnings reports took center-stage.

"The earnings probably don't justify the current trading levels, but when