How major US stock indexes fared Monday, 4/8/2024

Stocks drifted to a mixed close after last week’s roller-coaster ride left them shy of their records. The S&P 500, the Dow Jones Industrial Average and the Nasdaq composite all ended little changed. Treasury yields moved higher. The focus on Wall Street has been on interest rates and when the Federal Reserve will lower them. Hot reports on inflation and the economy have forced traders to delay forecasts for when relief on rates could arrive. That raises the pressure on companies to deliver strong profits to justify higher stock prices. Reports on inflation and corporate profits are due later this week.