US stocks held near record-high levels Monday ahead of a holiday-shortened trading week as The tech-heavy Nasdaq Composite rose 0.2% after the index notched a "perfect" week in Friday's session with its fifth straight record close. The S&P 500 gained 0.2%, while the Dow Jones Industrial Average erased earlier losses to hug the flatline. Stocks have continued ripping higher as a tech-fueled rally has led Wall Street to revise its year-ahead targets for the S&P 500.
With last week's double dose of inflation reports and the Federal Reserve meeting behind markets, fewer catalysts are set to greet investors this week. The highlight will be Wednesday's retail sales report, which provides a glimpse into the health of the US consumer. Fed policymakers will likely pick up their chatter after last week's decision. Minneapolis Fed president Neel Kashkari on Sunday hinted that a December rate cut could be the Fed's only move this year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: S&P 500, Nasdaq futures steady near record highs as Wall Street gets bullishWall Street wondered if the bull rally that has roared through 2024 has more room to run.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500 secures another record as huge week on Wall Street kicks offInvestors are looking ahead to the Fed's policy decision and key inflation data later in the week as they scale back rate-cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq, S&P 500 turn higher ahead of huge week on Wall StreetInvestors are looking ahead to the Fed's policy decision and key inflation data later in the week as they scale back rate-cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street opens lower, pulling back from record highsNEW YORK (AP) — Stocks are opening lower on Wall Street after closing at a series of record highs. The S&P 500 fell 0.3% in the early going Friday, but is still holding on to a gain for the week. The Nasdaq composite fell 0.2%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street holds near record highs in early tradingHONG KONG — U.S. stock are drifting around their records, continuing a dayslong run of quiet trading. The S&P 500 was down 0.1% early Wednesday, a day after setting its latest all-time high. The Dow Jones Industrial Average was down 55 points.
Source: SooToday - 🏆 8. / 85 Read more »