The Nasdaq reversed earlier losses on Monday as investors braced for a Federal Reserve policy decision and key inflation data in the week ahead, with Nvidia and Apple events in immediate focus. The Dow Jones Industrial Average dropped around 0.2%, coming off a muted end to a winning week for the three major gauges. The S&P 500 hugged the flatline while the tech-heavy Nasdaq Composite climbed roughly 0.2%.
Read more: How does the labor market affect inflation? Investors are now looking ahead to the Fed's next rate decision and May's Consumer Price Index inflation reading, both due on Wednesday, which will provide another big test for stocks. In the meantime, eyes are on Nvidia's stock split and a key Apple event as catalysts for stocks on Monday. Wall Street expects trading in Nvidia to be volatile in the wake of the 10-for-1 split as retail buyers flood in.
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Stock market today: Nasdaq rises, Dow slumps in bumpy trading day as GameStop ralliesUS stocks are looking to build on their strong performance in May as hopes for rate cuts revive and the meme stock mania roars back.
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Stock market today: Nasdaq touches intraday record, Dow struggles to top 40,000 againInvestors are bracing for Fed minutes and Nvidia earnings in coming days that could test the recent rally in stocks.
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Stock market today: Nasdaq touches new record, Dow tries to top 40,000 againInvestors are bracing for Fed minutes and Nvidia earnings in coming days that could test the recent rally in stocks.
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Stock market today: Nasdaq sets another record as Wall Street wins back earlier lossesNEW YORK (AP) — U.S. stocks rose in a bounce back from Wall Street’s worst day since April. The S&P 500 gained 0.7% to win back all its losses from earlier in the week.
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Stock market today: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
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Stock market today: Wall Street drifts to a mixed close as Nasdaq notches another recordNEW YORK (AP) — U.S. stock indexes drifted to a mixed finish after a quiet day of trading, and the Nasdaq composite rose to another record. The Nasdaq climbed 0.7% Monday. The S&P 500 edged up by 0.1% to finish just short of its all-time high.
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