FX.co ★ US Stocks Rise Ahead of Inflation Data

On Monday, Wall Street experienced gains as investors braced for a week filled with crucial economic data, including two significant inflation reports poised to impact Federal Reserve policy expectations. The S&P 500 increased by 0.2%, while the Nasdaq 100 climbed nearly 0.5%, driven by strength in the semiconductor sector, approaching its record high set in August. The Dow Jones also made gains, advancing by 114 points. Last week's underwhelming job report for August, along with softer labor market information, has led to heightened anticipation that the Federal Reserve may cut rates at its September meeting, with traders increasingly considering a more substantial 50 basis point reduction. This week, eyes are on the Producer Price Index (PPI) and Consumer Price Index (CPI) to garner new insights into the economy's trajectory. The technology sector, in particular, spearheaded the market, with companies such as Amazon (+1.4%), Broadcom (+3.1%), Nvidia (+0.7%), and Oracle (+2.5%) showing gains. Shares of Robinhood Markets soared by 15.7% and AppLovin surged by 11.6% following their inclusion in the S&P 500 coming into effect on September 22. Meanwhile, Apple saw a decline of 0.7% and T-Mobile fell by 3.9%.