Stock market news live updates: Stocks drift amid lingering inflation concerns, S&P 500 hovers near record high

Stock market news live updates: Stocks drift amid lingering inflation concerns, S&P 500 hovers near record high

Stocks struggled for direction Monday morning as investors weighed the prospects of higher inflation and rates in the U.S. against Friday's solid print on the U.S. labor market recovery. 

The Dow was slightly higher, adding fewer than 50 points just after market open. The Nasdaq futures underperformed and traded slightly in the red. The S&P 500 was little changed, and the index hovered just below its record high.