Wall Street Nears Records Ahead of Inflation Data; Energy and Tech Stocks Climb on Deals and Earnings
• Wall Street hanging at record highs ahead of Tuesday's inflation report which is expected to show prices dropping below 3% level • Diamondback Energy stock climbed over 5% after announcing $26B acquisition of Endeavor Energy Resources • Trimble stock rose nearly 3% despite mixed quarterly results; gave disappointing 2024 revenue outlook • Over two-thirds of S&P 500 companies have reported better-than-expected Q4 earnings so far • Fed rate cuts potentially coming in May or June rather than March as economy and job market remain strong