Stocks Struggle as Investors Anticipate Key Economic Data

U.S. stocks showed mixed responses on Monday as investors prepared for crucial economic data releases, including the U.S. consumer price index. The focus is on inflation and potential changes in the Federal Reserve's monetary policy. KeyCorp rose significantly, while Starbucks saw gains and Tesla recorded losses.

U.S. stocks demonstrated erratic performance on Monday as investors anticipated significant economic data, including the U.S. consumer price index (CPI) set to release mid-week.

Key sectors showed varied movements, with the Dow down 0.42%, the S&P 500 flat, and the Nasdaq up 0.19%. KeyCorp surged nearly 11.9%, largely driven by Scotiabank buying a minority stake in the U.S. regional lender.

Starbucks also climbed 3.5% on reports of activist investor Starboard Value's stake. Meanwhile, Tesla led the Magnificent Seven's losses, dropping 1.8%, while Nvidia soared by 4%, adding close to $100 billion in market value. Investors remain vigilant ahead of Wednesday's CPI release and Thursday's retail sales data for further market direction.

(With inputs from agencies.)