New York, NY – The S&P 500 index saw a modest rise on Monday as Wall Street aimed to continue its momentum after reaching record highs last week. The Nasdaq Composite also experienced an increase of 0.2%, while the Dow Jones Industrial Average remained relatively stable.

Market experts like Mona Mahajan, a senior investment strategist at Edward Jones, pointed to a sense of cautiousness ahead of the upcoming retail sales report. She noted that the recent positive news about the Fed and inflation had a favorable impact on the markets. Mahajan highlighted the return of a disinflation trend after a period of higher-than-expected inflation data.

Some tech giants like Amazon, Alphabet, and Meta Platforms saw slight dips in their stock prices, while Nvidia shares briefly reached a record high before retracing. Last week, the market performance was mixed, with the Dow experiencing its third losing week out of four, while both the S&P and Nasdaq continued to climb to new heights.

Investor focus this week will be on evaluating the sustainability of the current market rally and its potential for further growth. With the market closed on Wednesday for the Juneteenth holiday, analysts will be paying close attention to indicators like retail sales data released on Tuesday, as well as data on home sales and housing starts later in the week.

Mahajan emphasized that market corrections are a normal part of the trading cycle, even in strong bull markets. She underscored the need for investors to remain cautious despite overall positive market fundamentals, suggesting that corrections are expected along the way.

As investors await key economic data releases, including retail sales figures for May and housing data for the week, the market continues to navigate through uncertainties while aiming to sustain its upward trajectory.