Stock indexes drifted to a mixed close as Wall Street prepared for a report on inflation that could show how realistic its hopes for easier interest rates are.
The S&P 500 slipped 0.1 percent Monday, coming off just its third losing week in the last 19. It’s still near the all-time high it set on Thursday. The Dow Jones Industrial Average edged up 0.1 percent, and the Nasdaq composite fell 0.4 percent.
If economists are correct, Tuesday’s report on prices at the consumer level could show inflation remained at 3.1 percent in February. Treasury yields edged higher in the bond market. Bitcoin hit another record.
On Monday:
The S&P 500 fell 5.75 points, or 0.1 percent, to 5,117.94.
The Dow Jones Industrial Average rose 46.97 points, or 0.1 percent, to 38,769.66.
The Nasdaq composite fell 65.84 points, or 0.4 percent, to 16,019.27.
The Russell 2000 index of smaller companies fell 16.83 points, or 0.8 percent, to 2,065.88.
For the year:
The S&P 500 is up 348.11 points, or 7.3 percent.
The Dow is up 1,080.12 points, or 2.9 percent.
The Nasdaq is up 1,007.92 points, or 6.7 percent.
The Russell 2000 is up 38.81 points, or 1.9 percent.
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