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Dow, S&P 500 eke out gains as investors await inflation update

Clyde Edgerton by Clyde Edgerton
April 10, 2023
in Markets
Dow, S&P 500 eke out gains as investors await inflation update
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U.S. stocks closed mostly higher on Monday, except for the Nasdaq, as investors awaited on fresh economic data and corporate earnings to kick off. The Dow Jones Industrial Average
DJIA,
+0.30%
rose about 100 points, or 0.3%, ending near 33,586, for its third session in a row of gains, according to preliminary FactSet data. The S&P 500 index
SPX,
+0.10%
gained 0.1%, while the Nasdaq Composite Index
COMP,
-0.03%
closed fractionally lower, or less than 0.1%. It’s a big week for economic data, including Wednesday’s consumer-price index reading for March. Producer prices are due Thursday and retail sales on Friday, which also marks the start of bank earnings, including from JPMorgan Chase
JPM,
+0.33%,
 Citigroup 
C,
+1.44%
and Wells Fargo
WFC,
+1.93%.

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Clyde Edgerton

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