Stocks rise as Wall Street flirts with another record
FILE - People walk past the New York Stock Exchange on March. 21, 2024. World stocks are mixed on Monday, May 13, 2024, after Wall Street coasted to the close of another winning week. U.S. futures and oil prices were higher. (AP Photo/Yuki Iwamura, File)
NEW YORK (AP) — Stocks are rising on Monday ahead of a week with several data reports that could dictate by how much or even whether the Federal Reserve will cut interest rates at its next meeting in a week.
The S&P 500 added 0.4% and was just above its record set last week. The Dow Jones Industrial Average was up 69 points, or 0.2%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.8% higher.
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