U.S. stocks drifted to a mixed close near their record heights.
The S&P 500 ended little changed Monday and is less than 1% below its record set at the end of March. The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite edged up 0.3%.
Stocks have rallied this month on revived hopes that inflation may ease enough to convince the Federal Reserve to cut its main interest rate later this year. A key test will arrive Wednesday, when the government offers an update on inflation. GameStop and other meme stocks soared. Treasury yields eased in the bond market.
On Monday:
The S&P 500 fell 1.26 points, or less than 0.1%, to 5,221.42.
The Dow Jones Industrial Average fell 81.33 points, or 0.2%, to 39,431.51.
The Nasdaq composite rose 47.37 points, or 0.3%, to 16,388.24.
The Russell 2000 index of smaller companies rose 2.35 points, or 0.1%, to 2,062.12.
For the year:
The S&P 500 is up 451.59 points, or 9.5%.
The Dow is up 1,741.97 points, or 4.6%.
The Nasdaq is up 1,367.89 points, or 9.2%.
The Russell 2000 is up 35.05 points, or 1.7%.
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.