Stocks opened Monday’s trading session higher to kick off a busy week for US economic data with key readings on inflation and consumer spending set for release while Wednesday’s Federal Reserve decision will be week’s big highlight.
Shortly after the opening bell on Monday, the S&P 500 (^GSPC) was higher by about 0.3%, the the Dow Jones Industrial Average (^DJI) rose about 0.2%, while the Nasdaq Composite (^IXIC) gained 0.4%.
Monday’s gains come after the S&P 500 entered a bull market last week and closed at its highest level since August 2022 while the Nasdaq continued a streak of seven-straight winning weeks.
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