US stocks drift around their record heights as Wall Street braces for an update on inflation Updated 19 mins ago U.S. stocks are drifting near their record heights as Wall Street waits for an upcoming update on inflation. The S&P 500 fell 0.1% Monday and is just below its all-time high set two weeks ago. The Dow Jones Industrial Average dipped 171 points, and the Nasdaq fell 0.1%, coming off its own record. The highlight of this week for Wall Street is likely to arrive on Tuesday, when the government will report how bad inflation was across the country in July. A hot reading could discourage the Federal Reserve from delivering the cuts to interest rates that President Donald Trump has been demanding.

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