Monday’s stock market saw minimal movement as traders struggled with growing inflation predictions in front of important reports that are expected later this week.
The S&P 500 remained close to the flatline, although the Dow Jones Industrial Average fell by 0.1%. 0.3% was added to the Nasdaq Composite.
Expectations for inflation increased to 3.3% during a one-year period.
Their five-year forecast increased slightly to 2.8%. After the release of the survey results, stocks reversed some of their previous advances. Additionally, the statistics surpass two significant releases.
Source (CNBC)
