US stocks wavered Monday following a string of market gains as attention turned to the coming inflation report seen as a potential starting gun for interest rate cuts. The S&P 500 hugged the flatline, while the tech-heavy Nasdaq Composite moved up about 0.2%. The Dow Jones Industrial Average was little changed, 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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