In the New York market, the Dow rose more than $135 from the previous weekend to $51,790.36, while the Nasdaq was little changed at 27,326.80. The bond market was closed for the Columbus Day holiday, but the release of indicators including September CPI and PPI and retail sales will be the focus this week.
At the start of the week in the New York market, the Dow Jones Industrial Average rose $135.41 from the previous weekend to $51,790.36, while the Nasdaq Composite Index, led by technology stocks, fell 39.37 points to 27,326.80. The bond market was closed for the Columbus Day holiday, strengthening the wait-and-see mood ahead of the release of economic indicators.
Major economic indicators, including September CPI and PPI and U.S. retail sales, are due this week. As expectations grow that investors will assess inflation and consumer trends, the direction of the Federal Reserve's monetary policy is drawing attention.
Among Dow components, Salesforce rose more than 2% following an upgrade in its investment rating, while Chevron and Apple also gained. Cisco, meanwhile, fell more than 2%, and Nvidia and UnitedHealth Group were also weak.
With tensions rising in the Middle East, U.S. crude oil futures moved higher. This is weighing on market sentiment and acting as a factor limiting further gains in share prices.