Monday Market Report: US stocks rise as investors await CPI, Wall Street fears Fed rate hikes too aggressive
Stocks rose broadly in morning trading on Wall Street Monday as investors prepare for a busy week of updates on inflation.
The benchmark index is up 0.6 percent just after the opening bell, and the Nasdaq and Dow Jones industrials are also rising.
Small-company stocks outpaced the broader market’s gains in a sign that investors were confident about the economy. The Russell 2000 rose 1.7 percent.
Retailers and technology stocks were among some of the biggest winners. Amazon rose 1.2 percent and Apple rose 1 percent.