S&P 500 ends slightly higher as investors anticipate key inflation data

By Around the Web

(Image by Gerd Altmann from Pixabay)
(Image by Gerd Altmann from Pixabay)

(CNBC) — The S&P 500 ticked slightly higher Monday as investors looked ahead to key inflation data this week.

The broader index rose 0.1% to 4,109.11. The Dow Jones Industrial Average added 101.23 points, or 0.3%, to 33,586.52. Meanwhile, the Nasdaq Composite inched lower by 0.03% to close at 12,084.36.

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Tech stocks struggled, with shares of Apple falling 1.6% and Google-parent Alphabet sliding 1.83%. Tesla
shares fell 0.3% after the company said it will cut prices again on some electric vehicles. Meanwhile, shares of chipmakers rose after Samsung said it would cut production to support prices; Micron Technology shares gained 8%.

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