Inflation Test Results: Stocks Inch Higher, What Investors Should Watch Next
Stocks in New York City, New York inched higher on Monday as investors awaited fresh inflation data scheduled to be released later in the week. The Dow Jones Industrial Average and the S&P 500 saw slight increases, while the tech-heavy Nasdaq Composite rose by 0.3%. A crucial Consumer Price Index report set to be unveiled on Wednesday could offer insights into the Federal Reserve’s stance on potential interest rate cuts moving forward. A robust jobs …