Lucas Jackson/Reuters
US stocks were mixed on Monday, with the Nasdaq 100 higher while the Dow declined slightly, ending its 8-day win streak.
Not even a short-squeeze in meme stocks could help propel the Dow Jones Industrial Average to a ninth straight day of gains.
The mixed trading occurred on a rather busy day for markets, with shares of GameStop and AMC Entertainment roaring back with intra-day gains of more than 100% after Keith Gill returned to social media.
Meanwhile, investors are bracing for a busy week of economic updates, with a slew of economic data points set to be released in the coming days.
On the inflation front, the producer price index and the consumer price index will be released on Tuesday and Wednesday, respectively. The inflation data will help investors determine when the Federal Reserve might cut interest rates.
Investors expect Core PPI to rise 0.2% in April, compared to the 0.2% gains in March. And for Core CPI, investors expect the index to rise 0.3% in April, compared to the 0.4% gain in March.
Fed Chairman Jerome Powell will speak on Tuesday, and April retail sales data will be released Wednesday, both of which could move markets.
Here's where US indexes stood at the 4:00 p.m. closing bell on Monday:
Here's what else is going on today:
In commodities, bonds, and crypto: