Stock market today: Nasdaq hits record, Dow, S&P 500 rise with inflation data set to test rate-cut trade

US stocks moved higher on Monday as investors set their sights on inflation data later this week to provide a reality check on the chances of a jumbo interest-rate cut next week. The S&P 500 (^GSPC) moved up around 0.2%, while the Nasdaq Composite (^IXIC) closed at a record high, up around 0.5% on the day. Meanwhile, the Dow Jones Industrial Average (^DJI) climbed 0.2%. The moves come after stocks finished last week on a down note. Wall Street is already looking ahead to key inflation reports later this ...