Stock indexes drifted to a mixed close as Wall Street prepared for a report on inflation that could show how realistic its hopes for easier interest rates are.
The S&P 500 slipped 0.1% Monday, coming off just its third losing week in the last 19. It’s still near the all-time high it set on Thursday. The Dow Jones Industrial Average edged up 0.1%, and the Nasdaq composite fell 0.4%.
If economists are correct, Tuesday’s report on prices at the consumer level could show inflation remained at 3.1% in February. Treasury yields edged higher in the bond market. Bitcoin hit another record.
On Monday:
The S&P 500 fell 5.75 points, or 0.1%, to 5,117.94
The Dow Jones Industrial Average rose 46.97 points, or 0.1%, to 38,769.66.
The Nasdaq composite fell 65.84 points, or 0.4%, to 16,019.27.
The Russell 2000 index of smaller companies fell 16.83 points, or 0.8%, to 2,065.88.
For the year:
The S&P 500 is up 348.11 points, or 7.3%.
The Dow is up 1,080.12 points, or 2.9%.
The Nasdaq is up 1,007.92 points, or 6.7%.
The Russell 2000 is up 38.81 points, or 1.9%.
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