Monday saw a modest increase in stocks as traders watched important inflation data for more information about how long this year’s market boom would last.
There will also be earnings from a few significant consumer and banking companies.
Together with the Nasdaq Composite, the S&P 500 increased by 0.1%. A 0.3% increase, or 107 points, was seen in the Dow Jones Industrial Average trading. Leading the Dow up were Intel and Boeing, which increased by 3.2% and 2%, respectively.
As hope that reducing inflation and any pockets of weakness in the economy later this year could result in a Federal Reserve interest rate decrease continues, the S&P 500 is coming off its fourth positive week in the last five.
Source (CNBC)
