Wall Street hovers around records ahead of Nvidia earnings and inflation data WSOC TV [Video]

NEW YORK — (AP) — Wall Street is hovering around its record highs at the start of a week featuring another full slate of corporate earnings and the government’s latest inflation reading.

The S&P 500 slipped 0.1% in morning trading Monday. The benchmark index is within 0.7% of its record set in July. The Dow Jones Industrial average rose 194 points, or 0.5%, to 41,370 as of 10:23 a.m. Eastern. It is on track to set a record.

The Nasdaq slipped 0.7%. It was weighed down by several technology companies that tend to tip the market because of their big values. Microsoft slipped 0.5%.

Oil prices jumped 3.6% after Israel and the Lebanese militant group Hezbollah traded heavy fire on Sunday, triggering potential supply worries.

Bond yields held relatively steady. The yield on the 10-year Treasury remained at 3.80% from late Friday.

Investors have a busy week ahead that kicked off Monday with a surprisingly good report showing that …