The market is on track for its fifth consecutive month of gains, with the major U.S. stock benchmarks crossing new all-time closing high levels last week.
The S&P 500 added roughly 2.3% last week, while the Dow gained just under 2% for itsfor this year, as well as investors' ongoing enthusiasm for tech stocks amid the AI-powered rally.
This week, investors will gain further insight about the path of inflation from the February personal consumption expenditures price index, the Fed's preferred inflation gauge, released Friday morning. The market's reaction will be determined on the following Monday given the Good Friday holiday.
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