Wall Street rose Monday as traders made their final moves ahead of a report that could show whether inflation is cooling in the right way or setting the market up for worse pain.

The S&P 500 climbed 1.1% in anticipation of Tuesday’s report on inflation at the consumer level across the country. The Dow Jones industrial average gained 376.66 points, or 1.1%, while the Nasdaq composite rose 1.5%.

Stocks were coming off their worst week in nearly two months, the latest stumble for a market that has struggled for more than a year on worries about high inflation and the Federal Reserve’s response to it.

Economists expect Tuesday’s report to show inflation slowed to 6.2% in January. That would be down from 6.5% a month before and from a peak of more than 9% in the summer.

Yields were mixed Monday ahead of the inflation report. The yield on the 10-year Treasury dipped to 3.70% from 3.75% late Friday. The two-year yield was at 4.54% and close to its highest since November.

All the worries about inflation and rates are happening against the backdrop of a decidedly lackluster earnings reporting season. Companies in the S&P 500 are on track to report a nearly 5% drop in earnings for the final three months of 2022, compared with a year earlier, according to FactSet.

All told, the S&P 500 rose 46.83 points to 4,137.29, the Dow gained 376.66 to 34,245.93 and the Nasdaq climbed 173.67 to 11,891.79.

Benchmark U.S. crude oil for March delivery rose 42 cents to $80.14 a barrel Monday. Brent crude for April delivery rose 22 cents to $86.61 a barrel.

Gold for April delivery fell $11 to $1,863.50 an ounce. Silver for March delivery fell 23 cents to $21.85 an ounce and March copper rose 4 cents to $4.06 a pound.

The dollar rose to 132.47 Japanese yen from 131.50 yen. The euro rose to $1.0717 from $1.0672.

Wheat for March gained 6 cents at $7.92 a bushel; March corn rose 4.5 cents at $6.85 a bushel, March oats was off 3.5 cents at $3.7325 a bushel; while January soybeans was up 0.25 cent at $15.4275 a bushel.

— Associated Press