US Stocks Drift Ahead of Key Events

U.S. stocks are experiencing a mixed week ahead of several potentially market-moving events. On Monday, the S&P 500 slipped 0.2% and fell further from its all-time high set earlier this month. Meanwhile, the Dow Jones Industrial Average edged up by 67 points, while the Nasdaq composite fell 0.5%. Later in the week, Nvidia's profit report will be released, which could provide insight into the strength of the AI boom.

The Federal Reserve Chairman Kevin Warsh is set to give a speech on Friday, as pressure mounts for him to raise interest rates to combat inflation. In the bond market, longer-term yields eased after oil prices dipped.