Wall Street kicked off the week on a high note, with the S&P 500 and Nasdaq 100 reaching new highs in anticipation of the January inflation report scheduled for this Tuesday.
Investors await January's inflation data with optimism, as economists forecast a significant dip in the inflation rate, potentially signaling a shift in interest rate trajectories. Here's what to expect from the upcoming report and how it could sway the markets.
The S&P 500 index surged past 5,000, led by tech giants. Tesla falls to ninth in market cap, Novo Nordisk disrupts food industry, Ackman targets retail investors.
The S&P 500 breached the 5000 mark Friday after flirting with the record-breaking level on Thursday, buoyed by increasing positive sentiment that the Federal Reserve will apply six rate cuts this year.