Stocks tick higher as Wall Street drifts near its record levels

NEW YORK (AP) — Stocks are ticking higher on Monday, ahead of a week with several data reports that could dictate by how much or even whether the Federal Reserve will cut interest rates at its next meeting in a week.

The S&P 500 rose 0.3% and was sitting just below its record set last week. The Dow Jones Industrial Average was up 11 points, or less than 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.