US stocks little changed ahead of key inflation report
The Peninsula
New York: Wall Street stocks treaded water early Monday, consolidating the prior week s gains ahead of key inflation data and a European Central Bank...
New York: Wall Street stocks treaded water early Monday, consolidating the prior week's gains ahead of key inflation data and a European Central Bank decision.
Both the S&P 500 and Nasdaq finished last week at record highs, extending a post-election equity market rally propelled by optimism over Federal Reserve interest rate cuts and relief over the swiftly resolved US presidential election.
About 15 minutes into trading, the Dow Jones Industrial Average was unchanged at 44,637.92.
The broad-based S&P 500 slipped 0.1 percent to 6,081.56, while the tech-rich Nasdaq Composite Index also shed 0.1 percent to 19,848.53.
Markets last week shrugged off political upheaval in South Korea and France. Monday's early trading also pointed to no major reaction to the toppling of Bashar al-Assad in Syria.