Stocks inched higher on Monday, continuing their momentum from the previous week, as both the S&P 500 and Dow Jones Industrial Average achieved record highs. Investors were eagerly anticipating the release of important inflation and earnings reports.
The major indexes saw modest gains, with the S&P 500 rising 0.4% and the Dow climbing 195 points, or 0.5%. The Nasdaq Composite also experienced a 0.5% increase.
Salesforce weighed on the Dow’s performance, as the cloud-based software company’s stock fell by 1%. Hershey also saw a decline of over 1% following a downgrade to underweight by Morgan Stanley, citing softer demand as the reason for the move.
Source (CNBC)
