‘Priced for Perfection’ Stocks Stay in Tight Range: Markets Wrap

The stock market kicked off the week on a cautious note, with traders sifting through remarks from a slew of Federal Reserve speakers while awaiting key inflation data and the start of the earnings season.

In a very choppy trading session, the S&P 500 closed with a small gain. The market didn’t get much support from the megacap space as Tesla Inc. fell almost 2% and Amazon.com Inc. dropped before its Prime Day event. The Nasdaq 100, which notched a historic first half of a year amid the artificial-intelligence craze, will go through a “special rebalance.” A gauge of ...