Stocks drifted higher on Wall Street ahead of a week with updates on where inflation and corporate profits are heading.
The S&P 500 rose 0.2 percent Monday, coming off just its second losing week in the last eight. The Dow added 0.6 percent and the Nasdaq rose 0.2 percent.
This week will offer the latest monthly update on inflation, and Wall Street’s hope is that a continued slowdown will convince the Federal Reserve to soon stop hiking interest rates. At the end of the week companies will also start telling investors how much profit they made during the spring.
On Monday:
The S&P 500 rose 10.58 points, or 0.2 percent, to 4,409.53….