Stocks nudged higher ahead of a week with several data reports that could dictate whether and by how much the Federal Reserve will cut interest rates at its next meeting.
The S&P 500 added 0.2 percent and finished just below its record set last week. The Dow Jones Industrial Average rose 0.3 percent, and the Nasdaq composite climbed 0.5 percent to a record.
AppLovin and Robinhood Markets helped lead the market on news they will join the S&P 500 index later this month. Trading across Wall Street was relatively quiet ahead of updates coming later this week on the job market and inflation.
On Monday:
The S&P 500 rose 13.65 points, or 0.2 percent, to 6,495.15.
The Dow Jones Industrial Average rose 114.09 points, or 0.3 percent, to 45,514.95.
The Nasdaq composite rose 98.31 points, or 0.5 percent, to 21,798.70.
The Russell 2000 index of smaller companies rose 3.85 points, or 0.2 percent, to 2,394.89.
For the year:
The S&P 500 is up 613.52 points, or 10.4 percent.
The Dow is up 2,970.73 points, or 7 percent.
The Nasdaq is up 2,487.91 points, or 12.9 percent.
The Russell 2000 is up 164.74 points, or 7.4 percent.
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