The New York Stock Exchange is also awaiting the July producer price index report, which will be released on Tuesday. Retail sales for July will be released on Thursday.
On Friday, all major indices rose to end the week, but paused just short of a full recovery.
Reuters
Wall Street The dollar traded higher on Monday, starting the week on a calm but volatile note after a turbulent period that saw a sharp drop and subsequent recovery amid concerns about the outlook for recession and a violent unravelling of the Japanese yen carry trade.
Stocks are up slightly on Monday as investors prepare for key inflation data, after almost completely reversing last week’s sharp market plunge.
The Dow Jones Industrial Average rose 48 points, or 0.1%. The S&P 500 gained 0.2%, while the Nasdaq Composite gained 0.3%. Nvidia shares rose 3% to help the Nasdaq rise. Tech stocks Microsoft and Apple also rose more than 1%.
US inflation data
The next US inflation data will be key for markets that remain nervous after increased volatility. The July consumer price index report, due out on Wednesday, will be released in the coming weeks. This will be a key signal as to whether the economy remains healthy or whether investors will remain uneasy after the weak July nonfarm payrolls report.or, which contributed to the recent sell-off.
wall street markets stock exchanges
NYSE
On Friday, all major indices rose to end the week, but paused just short of a full recovery. The Dow ended the week down 0.6%, while the S&P 500 ended down 0.4% and the Nasdaq Composite lost 0.2%..
Wall Street is also awaiting the July producer price index report due on Tuesday. July retail sales will also be released on Thursday.
Source: Ambito
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