"Stocks React to CPI Data and Fed's Impending Decision"

Stocks ticked higher on Monday as investors awaited the release of the Consumer Price Index data and the Federal Reserve's interest rate decision. The Dow Jones Industrial Average and the S&P 500 both gained about 0.3%, while the Nasdaq Composite reversed earlier losses to rise over 0.1%. Macy's shares surged more than 20% after receiving a $5.8 billion buyout offer, while Coinbase stock plunged over 6% as Bitcoin experienced its steepest drop in four months. Paramount Global saw shares slide after reports of a potential acquisition, and JPMorgan warned of a "catch-22 situation" for US markets in 2024. Microsoft and video game workers at ZeniMax agreed to union contract language on the use of artificial intelligence.