Monday saw the S&P 500 staying close to a new high as investors awaited important inflation data that would provide more insight into whether or not this year’s market advance is sustainable.
Expectations include earnings from a number of significant consumer and banking heavyweights.
With the Nasdaq Composite rising 0.2%, the overall market index crept up 0.01% from its all-time high. Trading fell 0.2%, or 88 points, on the Dow Jones Industrial Average.
To drive the Dow higher, Intel and Boeing saw increases of 5% and 3%, respectively.
After four straight weeks of gains, the S&P 500 is ending the week on a bullish note due to persistent hope that a Federal Reserve interest rate decrease could result from decreasing inflation and any regional economic weakness.
Source (CNBC)
