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U.S. stocks edged back from their record heights in Wall
Street’s final moves before an upcoming update on inflation.
The S&P 500 fell 0.3% after flirting with its all-time high
earlier in the day. The Dow Jones Industrial Average dipped
0.5%, and the Nasdaq shaved 0.3% off its record.
The highlight of this week for Wall Street is likely to arrive
on Tuesday, when the government will report how bad inflation
was across the country in July. A hot reading could discourage
the Federal Reserve from delivering the cuts to interest rates
that President Donald Trump has been demanding.
On Monday:
The S&P 500 fell 16.00 points, or 0.3%, to 6,373.45.
The Dow Jones Industrial Average fell 200.52 points, or 0.5%, to
43,975.09.
The Nasdaq composite fell 64.62 points, or 0.3%, to 21,385.40.
The Russell 2000 index of smaller companies fell 1.91 points, or
0.1%, to 2,216.51.
For the year:
The S&P 500 is up 491.82 points, or 8.4%.
The Dow is up 1,430.87 points, or 3.4%.
The Nasdaq is up 2,074.61 points, or 10.7%.
The Russell 2000 is down 13.65 points, or 0.6%.
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