WFG:CC - U.S Stocks Close Higher

Stocks in the U.S edged up Monday as investors looked ahead to inflation data later in the week and prepared for the start of the second-quarter earnings season.

The Dow Jones Industrial Average rose 209.52 points, or 0.62%, to 33,944.4, the S&P 500 gained 10.58 points, or 0.24%, at 4,409.53 and the Nasdaq Composite added 24.77 points, or 0.18%, at 13,685.48.

The consumer price index report is due Wednesday, followed by the producer price index — a measure of wholesale price pressures — out Thursday.

Citigroup strategists on Monday downgraded U.S. stocks to "neutral," and said megacap growth is set for a pullback and U.S. recession risks could still take hold.

Meta Platforms (META) shares moved higher Monday following data suggesting its new social media platform, Threads, gained more than 100 million users since it launched late last week.