Stock Market Today: S&P 500 ekes out win to record ahead of Powell's testimony

Investing.com-- The S&P 500 continued its record run Monday, closing at all-time highs for a fourth-straight session despite cautious sentiment ahead of testimony by Federal Reserve Chair Jerome Powell to Congress and key inflation data this week week.before the Senate and the House on Tuesday and Wednesday, respectively, with the bulk of his testimony expected to focus on monetary policy.

Weaker-than-expected labor data from last week ramped up hopes that the jobs market was cooling, giving the Fed more impetus to begin cutting interest rates.is due on Thursday, and is expected to rise 0.1% m/m and 3.1% y/y. The core CPI is expected to increase by 0.2%. Markets will be watching to see just how robust corporate earnings remained under pressure from high interest rates and sticky inflation.) stock closed just above the flatline after the aircraft manufacturer agreed to plead guilty to a criminal fraud conspiracy charge to resolve a U.S. Justice Department investigation into two 737 MAX fatal crashes.) raised its Q2 core sales to $3.6B from $3.

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