Investors will get a new round of economic data this week, including the Fed’s preferred inflation gauge.
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US stocks struggled to find direction on Monday as investors braced for a busy week of data and looked for more catalysts to lead the market higher following Nvidia’s push last week.
What is going on
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The Dow Jones Industrial Average DJIA rose 18 points, or less than 0.1%, to 39,150.
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The S&P 500 SPX index rose 4 points, or 0.1%, to 5,093.
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The Nasdaq Composite COMP gained 37 points, or 0.2%, to settle at 16,033.
The Dow rose 1.3% last week, marking its 14th record close of 2024 on Friday, while the S&P 500 posted a weekly advance of 1.7% and its 13th record of the year. The Nasdaq Composite rose 1.4% for the week, after briefly trading above its Nov. 19, 2021, record close on Thursday and Friday.