U.S. stocks drifted to a slightly higher close ahead of a week with several top-tier reports on inflation due, as well as the Federal Reserve’s latest meeting on interest rates. The S&P 500 rose 0.3% Monday, topping the record it set last week. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite ticked up 0.3%, also a setting an all-time high. Energy stocks rose as oil prices regained some of their sharp losses. A buyout of Diamond Offshore Drilling by rival Noble also helped lift the industry. European stocks fell following surprise results in elections for the European Parliament.
On Monday:
The S&P 500 rose 13.80 points, or 0.3%, to 5,360.79.
The Dow Jones Industrial Average rose 69.05 points, or 0.2%, to 38,868.04.
The Nasdaq composite rose 59.40 points, or 0.3%, to 17,192.53.
The Russell 2000 index of smaller companies rose 5.06 points, or 0.2%, to 2,031.61.
For the year:
The S&P 500 is up 590.96 points, or 12.4%.
The Dow is up 1,178.50 points, or 3.1%.
The Nasdaq is up 2,181.18 points, or 14.5%.
The Russell 2000 is up 4.54 points, or 0.2%.
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