Wall Street nudges toward more records

New York: U.S. stocks are drifting toward more records in quiet trading Monday ahead of what could be a quiet, holiday shortened week. The S P 500...

New York: U.S. stocks are drifting toward more records in quiet trading Monday ahead of what could be a quiet, holiday-shortened week.

The S&P 500 was 0.2% higher in midday trading and on track to close above its all-time high set on Thursday. The Dow Jones Industrial Average was up 51 points, or 0.1%, as of 11:20 a.m. Eastern time, and the Nasdaq composite was 0.2% higher.

Autodesk jumped 5% for one of the market's biggest gains after after an investment firm said it will try to delay the software company’s annual meeting so that it can nominate new directors for the board. Starboard Value also outlined how it says Autodesk hasn’t performed as well financially as it should have.

Chip company Broadcom rose 3.6% to add to gains from last week after it reported better profit than expected and said it would undergo a 10-for-one stock split to make its price more affordable.

It followed Nvidia, the company that’s become the poster child of Wall Street’s frenzy around artificial-intelligence technology and just executed a similar split.