Wall Street’s main indexes rose led by gains in rate-sensitive growth stocksas focus shifts to a key inflation reading due this week, which would provide further clues to the Fed’s rate hike trajectory.
Almost all of the major S&P sector indexes gained, with Amazon and Tesla climbing 4% and 3.8%respectively, and among the main impulses of the market benchmark.
The highly anticipated inflation report from the Labor Department on Thursday would show that consumer prices likely grew 6.5% yoy in decemberfrom 7.1% a month ago, while core inflation had grown to 5.7% in December, from 6% in November.
Gains in both stocks lifted the consumer discretionary sector nearly 2%. Only the health sector fell marginally.
Source: Ambito
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