US Stock Market Week Ahead: Wall Street’s Record Rally Faces a Make-or-Break CPI Week
The S&P 500 and Nasdaq closed at record highs Friday, with the S&P 500 up 0.84% to 7,398.93 and the Nasdaq gaining 1.71% to 26,247.08. Investors await April inflation and retail sales data this week, with the Labor Department set to release CPI figures Tuesday. Cisco and Applied Materials will report earnings, while Chinese and U.S. officials meet for trade talks in South Korea starting May 12.