It was another merger Monday on Wall Street. But that didn’t excite investors too much.
The Dow eked out a slight gain while the S&P 500 finished right where it started. The Nasdaq dipped into negative territory. Investors are probably focused more on the deluge of economic reports coming later this week: a read on gross domestic product (GDP) for the second quarter, a meeting from the Federal Reserve’s policy committee and the July jobs report.
“I think the market is somewhat apprehensive coming into this week because of the amount of data that we’re likely to see going into the week,” said Tom Beevers, chief executive officer of StockViews.