Posted 1/10/2024, 9:31:00 PM
Stocks Rise Ahead of Key Inflation Report That Could Support Further Gains
- Wall Street neared record high ahead of Thursday's inflation report, which could show if recent stock gains are justified
- S&P 500 rose 0.6% to near all-time high; Dow up 0.5% and just below last week's record
- Nasdaq rose 0.8%
- Intuitive Surgical and homebuilder Lennar climbed on positive business updates
- Markets focused on whether inflation report will show cooling price trends, which could mean Fed interest rate cuts this year