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The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks poised to add to the strong gains posted last week. The markets may continue to benefit from recent upward momentum, which lifted the major averages to new record highs last week.
Economic indicators provide insight into the health and performance of an economy. Inflation has been an ongoing topic of conversation.
Stocks have moved mostly higher during trading on Monday, adding to the strong gains posted last week. With the upward move, the Nasdaq and the Dow have reached new record intraday highs.
After moving mostly higher early in the session, stocks have given back ground in recent trading on Monday. The major averages have pulled back off their highs of the session, with the Dow dipping into negative territory.
After an early advance, the major U.S. stock indexes moved in opposite directions over the course of the trading session on Monday. The tech-heavy Nasdaq added to last week's strong gains, reaching a new record closing high, while the Dow gave back ground after closing above 40,000 for the first time last Friday.