By Devik Jain and Shreyashi Sanyal July 12 (Reuters) - The Nasdaq and the S&P 500 scaled new peaks on Monday, with investors awaiting the start of the second-quarter earnings season and a batch of economic data. "The inflation data is likely going to reignite some concern in the near term over how hot things are running," said Art Hogan, chief market strategist at National Securities in New York. The banking index .SPXBK rose 0.5%, with JPMorgan Chase JPM.N, Goldman Sachs GS.N, Bank of America BAC.N and other big banks up ahead of their earnings report starting Tuesday.