Monday saw record highs for both the S&P 500 and the Nasdaq as investors wait for important inflation data that will shed further light on whether the market surge of this year can continue.
Expectations include earnings from a number of significant consumer and banking heavyweights.
The Nasdaq Composite reached 18,403.74, a 0.2% increase, and the broad market index closed the day at 5,572.85. With a final value of 39,344.75, the Dow Jones Industrial Average decreased by 31 points, or 0.08%.
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)
