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Stock market today: Nasdaq edges higher, Dow drops as investors await key signals on inflation, economy

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Wall Street

Wall Street is coming off a whipsaw week that has left markets jumpy and 'on edge.'

US stocks closed mixed on Monday as Wall Street braced for a week full of key economic data signals. The benchmark S&P 500 hugged the flatline while the tech-heavy Nasdaq Composite rose about 0.2%. Meanwhile, the Dow Jones Industrial Average dropped roughly 0.4%, or less than 150 points. In single stock moves, Nvidia finished the day about 4% higher, sparking a rally in the tech sector. Wall Street is coming off a whipsaw week that has left markets jumpy and "on edge.

Strategists say that is likely to continue — and this week comes with plenty of opportunities. Wednesday provides a fresh look at the state of inflation with the latest release of the Consumer Price Index. Then Thursday comes with two key signals on the state of the US consumer: a reading on July's retail sales and Walmart earnings. Wall Street once again sees good news as good news, so volatility this week may depend on the signals those data introduce.

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