US stocks hover near their latest record in mixed trading on Wall Street

NEW YORK (AP) — Stocks kicked off a busy week on Monday with mixed trading on Wall Street that is keeping the market hovering around its all-time high.The S&P 500 fell 0.1% and is trading around its record set last week. The Dow Jones Industrial Average rose 215 points, or 0.4%, as of 10:46 a.m. The Nasdaq composite fell 0.3%.Energy stocks had some of the biggest gains as oil prices jumped.

Chevron rose 1%.Technology stocks were the biggest weights on the market. Micron Technology fell 4.6% and Advanced Micro Devices fell 3.2%. They are among several companies in the sector with big stock values that tend to have a heavy influence on the market.The price of Brent crude, the international standard, jumped 2.3% to $107.11 per barrel.

Prices have been swinging between $96 and nearly $110 over the last month over uncertainty about the U.S. war with Iran and its continued impact on global energy supplies and inflation.Prices jumped despite President Donald Trump's announcement on social media Friday that he struck a deal to buy Russian diesel with Russian President Vladimir Putin, aiming to tamp down a spike in fuel prices ahead of the Nov. The plan, though, runs counter to U.S.

efforts to cut the flow of money Russia gets from oil and gas sales that can be used to pay for its war against Ukraine.Higher oil prices have been driving gasoline prices higher. That's a direct hit to many people's wallets, as gasoline is usually a necessary expense. The rise in diesel is more indirect, raising the costs for just about any shipped product, which usually results in higher prices for everything from food to clothing.The surge in energy prices and its impact on the broader economy will be a key focus this week as Wall Street reviews several important economic updates.

They include fresh data on the housing market, inflation and retail sales.The big updates this week involve reports about inflation hitting consumers and businesses. On Wednesday, the government will release the closely-watched consumer price index, or CPI, which measures price changes for a wide range of products and services. Economists expect the index to show the rate of inflation worsened to 3.6% in September from 3.4% in August.A report on inflation called the producer price index will be released on Thursday and is also expected to show that inflation remains st…

Stocks kicked off a busy week with mixed trading on Wall Street that is keeping the market hovering around its all-time high set last week. The Dow Jones Industrial Average rose 91 points, or 0.2%, as of 9:58 a.m. The Nasdaq composite was fell 0.1%.Energy stocks had some of the biggest gains as oil prices jumped.