Wall Street's major averages rebounded with growth in communication services and technology sectors, while Treasury yields sank as a recent bond sell-off eased; traders are now waiting for Nvidia's quarterly results to gauge the AI market, and investors are hopeful for potential interest rate policy clues from the upcoming Jackson Hole Symposium.
Wall Street is expected to open higher as investors await a speech from Federal Reserve Chair Jerome Powell, with weaker-than-expected economic reports potentially being more welcome in financial markets.
Investors will have a lot to consider this week as they analyze economic indicators such as US nonfarm payrolls, wage growth, and inflation, as well as Eurozone inflation numbers and central bank commentary, all of which could impact policy decisions and market sentiment.
Investors will be focusing on new data on the U.S. labor market, including job openings and the nonfarm payrolls report, as well as earnings reports from retailers and the latest inflation data.
Investors are eagerly awaiting news about the health of the US labor market, with reports on job openings, labor turnover, employment, and job cuts expected this week, as the Federal Reserve aims to cool the economy to fight inflation caused by higher labor costs.
Wall Street is calm ahead of key economic reports that could provide insight into the job market, inflation, and potential interest rate changes by the Federal Reserve, while consumer confidence and job opening reports are expected to remain strong in August.
Equity markets are higher as investors consider macro data, with Wall Street experiencing a rally fueled by optimism about interest rates and job openings.
Wall Street stocks opened higher as new data showed easing inflation, boosting the Dow Jones and S&P 500, with investors taking heart from signs of a soft landing for the US economy.
Wall Street started the month of September on a high note after a rocky August, with Dow futures up by 127 points, S&P futures 0.3% higher, and Nasdaq futures up by about 0.15%, as investors await Friday's crucial jobs report which is expected to show that the labor market will stay in a sweet spot.
Stocks are expected to open the week higher, with the S&P 500 up 0.5% in premarket trading, as investors look ahead to key U.S. economic data and show interest in companies such as Lennar, Arm, Tesla, and Oracle.
Wall Street stocks traded mixed as investors awaited Wednesday's key inflation data, with the Nasdaq Composite retreating amid a tumble in Oracle shares, while the Dow Jones Industrial Average turned higher and tech stocks took center stage with Apple's iPhone 15 launch and anticipation for the blockbuster Arm IPO.
Wall Street stocks opened higher as investors assessed strong retail sales and wholesale price inflation data to gauge the Federal Reserve's approach to interest rates, with the S&P 500 gaining 0.5% and the Dow Jones Industrial Average ticking up 0.4%.
