U.S. stocks opened modestly higher on Monday as investors cautiously awaited a report on the state of U.S. consumer-price inflation in January, which is due out Tuesday morning in New York. The S&P 500 SPX, +0.56% rose 7.5 points, or 0.2%, to 4,097. The Nasdaq Composite COMP, +0.73% gained 37 points, or 0.3%, to 11,764. The Dow Jones Industrial Average DJIA, +0.58% advanced 50 points, or 0.2%, to 33,937. U.S.
stocks finished Friday’s session with a loss for the week — the worst for the S&P 500 and Nasdaq since December — as investors confronted shifting expectations about how far interest rates will rise, and how long the Federal Reserve will wait before cutting them. Tuesday’s inflation report could have a significant impact on markets, as some of the largest daily swings in U.S. stocks and bond yields from 2022 were driven by inflation reports.
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Source: CNBC - 🏆 12. / 72 Read more »