US markets today: Wall Street holds near record highs ahead of inflation data; Federal Reserve cautious on rate cuts as stagflation fears rise
US stocks were little changed on Monday, staying close to record levels as investors awaited key inflation data due Tuesday. The S&P 500 was virtually flat, hovering near its all-time high from two weeks ago. The Dow Jones Industrial Average added 77 points, or 0.2%, while the Nasdaq Composite slipped 0.2% in early trading, according…