The Dow Jones Industrial Average rose 4 points, or less than 0.1%, to 33,748. A 6.1% jump by Walt Disney helped support the index, which was wavering between small gains and losses. The entertainment giant announced that it had ousted CEO Bob Chapek and brought back his predecessor, Bob Iger, to replace him.
Health care stocks, household goods makers and other areas of the market held up better. Bristol-Myers Squibb rose 1.9% and PepsiCo gained 1.8%.European markets mostly fell, while Asian markets closed lower. The Federal Reserve will release minutes on Wednesday from its latest policy meeting and potentially give investors more insight into the central bank’s fight against inflation. The Fed remains a main focus for investors as it continues raising interest rates to fight stubbornly high prices on everything from food to clothing.
Investors don’t have much economic news to review this week, but some late earnings and corporate updates could provide more insight into inflation’s path and ongoing impact.