Stocks retreat from record highs ahead of inflation data this week – What’s Driving the Market’s Breather After a Record Week?
New York, NY – US stocks showed signs of pausing on Monday after a whirlwind week at record highs, with investors preparing for an upcoming inflation update that may test the current rally. The Dow Jones Industrial Average closed down 0.2%, while the S&P 500 fell 0.4% after reaching new closing highs last week. The Nasdaq Composite also dropped 0.1% following a strong showing from tech stocks. Inflation data expected in the coming days will …