The Dow Jones Industrial Average reached a record high on Monday as investors anticipated new inflation and earnings data.

The 30-stock index rose by 125.69 points, or 0.33%, closing at 38,797.38.

The S&P 500 experienced a slight decrease of 0.09%, settling at 5,021.84, while the Nasdaq Composite declined by 0.3%, finishing at 15,942.55.

Salesforce contributed to the Dow’s decline, with the cloud-based software stock falling by 1.4%.

Meanwhile, Hershey’s shares slipped by less than 1% following a downgrade to underweight from Morgan Stanley due to softer demand.

In contrast, Diamondback Energy surged by 9.4% after announcing its acquisition of oil and gas producer Endeavor Energy Partners, CNBC reported.

On Friday, the S&P 500 closed above 5,000 for the first time in history, marking a more than 5% increase since the beginning of the year.

The three major averages completed their fifth consecutive week of gains, with the S&P 500 and Nasdaq Composite posting gains of 1.4% and 2.3%, respectively, last week.

The Dow saw a fractional increase.

Written by B.C. Begley