Stocks are ticking higher ahead of the release of several data reports that could dictate by how much or even whether the Federal Reserve will cut interest rates at its next meeting next week.

The S&P 500 rose 0.3% and was sitting just below its record set last week. The Dow Jones Industrial Average was up 11 points, or less than 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.

AppLovin and Robinhood Markets helped lead the market after learning they will join the S&P 500 index later this month.

Trading across the broader market was relatively quiet ahead of several updates coming later this week on the job market and inflation.