Stocks drifted higher Monday in a fourth consecutive listless session. Traders waited for corporate financial results to start rolling in so they could look for clues about the economy. In the unofficial kickoff to earnings season, Alcoa, considered an economic bellwether because so many companies use its products, said after the close that it lost $34 million from October through December because of lower demand for aluminum.
For the day and the week to date:
The Dow is up 32.77 points, or 0.3 percent, at 12,392.69.
The Standard & Poor's 500 index is up 2.89 points, or 0.2 percent, at 1,280.70.
The Nasdaq composite index is up 2.34, or 0.1 percent, at 2,676.56.
For the year to date:
The Dow is up 175.13 points, or 1.4 percent.
The S&P 500 has gained 23.1 points, or 1.8 percent.
The Nasdaq is up 71.41, or 2.7 percent.