Investors will get a fresh batch of economic data this week, including the Fed’s preferred inflation gauge.
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U.S. stocks struggled for direction early Monday as investors braced for a busy week of data and looked for more catalysts to take the market higher following a boost from Nvidia last week.
What’s happening
-
The Dow Jones Industrial Average
DJIA
rose 18 points, or less than 0.1%, to 39,150. -
The S&P 500
SPX
edged up 4 points, or 0.1%, to 5,093. -
The Nasdaq Composite
COMP
gained 37 points, or 0.2%, to trade at 16,033.
The Dow last week rose 1.3%, notching its 14th record close of 2024 on Friday, while the S&P 500 posted a weekly advance of 1.7% and its 13th record finish of the year. The Nasdaq Composite rose 1.4% for the week, after briefly trading above its record close from Nov. 19, 2021, on Thursday and Friday.
This article was originally published by Marketwatch.com. Read the original article here.