US stocks edged higher in afternoon trading on Monday, with the Dow inching for another record even as Federal Reserve officials tried to rein in high expectations for interest rate cuts.

The city has failed to process thousands of expedited food stamp applications within a legally required timeframe this year, leaving some of the city’s most vulnerable residents without consistent access to meals, according to data reviewed by the Daily News. Learn more about your ad choices. Visit podcastchoices.com/adchoices