Wall Street stocks hovered around record highs on Monday as investors awaited the latest responses by central banks to months of above-target inflation.
The blue-chip S&P 500 share index closed 0.2 per cent higher at a fresh record high after an up and down day in which energy and consumer stocks offset weakness in the technology sector. The Nasdaq Composite rose 0.6 per cent.
In contrast to the mega-cap stocks that drove last week’s gains, the biggest winners on Monday were smaller companies, with the Russell 2000 index of small-cap stocks jumping 2.7 per cent and coming within 0.1 per cent of hitting a record high for the first time since March.