Stocks soar as S&P 500 hits 13-month high ahead of inflation data

The New York Stock Exchange ended higher on Monday, still on the momentum built at the end of last week, which allowed the S&P 500 to record a high of more than 13 months at closing, on the eve of much anticipated data on inflation. The Dow Jones gained 0.56%, the Nasdaq index gained 1.53% and the broader S&P 500 index rose 0.9%. Like the S&P 500, the Nasdaq finished at its highest level since late April 2022. “The market remains exceptionally buoyant,” commented Adam Sarhan of 50 Park Investments, after finishing strong last week. “He had…