US stocks opened higher on Monday, ready to build on a string of gains as attention turned to the coming inflation report seen as a potential starting gun for interest rate cuts. The S&P 500 rose roughly 0.2%, while the tech-heavy Nasdaq Composite moved up about 0.3%. The Dow Jones Industrial Average also rose 0.3%, coming off the best week of the year for the blue-chip index.
After recent hot inflation data, markets have been more skittish as investors have increasingly priced in "no landing," where price increases don't come down to the Fed's target, but the economy keeps growing. This week brings a flood of economic releases as potential catalysts, with the Consumer Price Index update on Wednesday the star.
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