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%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
