Stock Market Today Wall Street Drifts Higher And Adds To Its Record

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stock market today wall street drifts higher and adds to its record

U.S. stocks are drifting higher Monday to add to their all-time high .

The SP 500 was up 0.6 in morning trading and building on its record set on Friday. The Nasdaq composite was 1 higher, as of 1010 a.m. Eastern time, as gains for Nvidia, Apple and other Big Tech stocks led the way.

But roughly as many stocks were falling on Wall Street as rising, and the Dow Jones Industrial Average was pulling back by 37 points, or 0.1, from its record set last week.

The mixed movements followed relatively quiet trading in Europe, while the U.S. bond market will remain closed for the day because of a holiday.

The strongest action in global markets came from China, where the finance minister gave a highly anticipated update on Saturday about plans for the world's second-largest economy. Lan Fo'an said the government is looking at additional ways to boost the economy , but he stopped short of unveiling a major new stimulus plan that investors were hoping for.