Stocks drifted higher on Monday ahead of a week with several data reports that could dictate by how much or even whether the Federal Reserve will cut interest rates at its next meeting in a week.

The S&P 500 added 0.2% and finished just below its record set last week. The Dow Jones industrial average rose 114 points, or 0.3%, and the Nasdaq composite climbed 0.5% to its own all-time high.

AppLovin and Robinhood Markets helped lead the market after learning they will join the Standard & Poor’s 500 index later this month, along with Emcor Group. Many investment funds directly mimic the index or at least compare their performance against it, so a stock’s joining the list of the 500 largest companies can draw investors’ dollars immediately.

AppLovin climbed 11.6%, and Robinhood jumped 15.8%

See Full Page