Chip Somodevilla/Getty Images; BIUS stocks rose to records on Monday after Federal Reserve Chair Jerome Powell's commented on the economy.Powell emphasized the economy's strength and recalibrated interest rate cut expectations.Investors are also eyeing key employment data releases this week for further market direction.US stocks rose on Monday, with the Dow and S&P 500 closing at record highs as investors digested new comments from Federal Reserve Chairman Jerome Powell.All three major indexes moved higher in late trading following Powell's comments about the strength of the US economy."This is not a committee that feels like it's in a hurry to cut rates quickly," Powell said in a Q&A chat with the National Association for Business Economics, discussing the strength of the broader economy."Overall, the economy is in solid shape," Powell said in his prepared remarks.