Stock market today: Wall Street trudges higher on bank earnings; US retail sales data arrives soon

Wall Street is logging tiny gains early Tuesday with earnings season revving up and upcoming U.S. retail sales data that could influence a decision by the Federal Reserve on interest rates.

Expectations are rising that the Fed will cut its main interest rate sometime this year after keeping it at two-decade highs for the better part of the past two years in a bid to stifle inflation. The U.S. central bank's next policy meeting is in two weeks. The Dow Jones Industrial Average climbed 0.5% to 40,211.72 and set its own record, while the Nasdaq composite added 0.4% and ended a bit short of its all-time high.Sure, Enbridge stock used to be a dividend giant, but I fear that's no longer the case. Yet this stock has a far better outlook. The post A Dividend Giant I’d Buy Over Enbridge Stock Right Now appeared first on The Motley Fool Canada.

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