Overview:
The U.S. stock market rebounded on Monday, driven by dip-buying and anticipation of upcoming inflation data. Major indices recovered from last week’s losses, with the S&P 500 rising 1.16%, the Dow Jones Industrial Average gaining 1.20%, and the Nasdaq Composite increasing 1.17%.
Fear & Greed Index:
Neutral – Sentiment remains cautious but balanced as markets await key inflation data.
Key Indices (Closed Prices):
- S&P 500: +1.16% at 5,471.05
- Dow Jones Industrial Average: +1.20% at 40,829.59
- Nasdaq Composite: +1.17% at 16,886.15
Sector Performance:
- Winners:
- Technology and Industrials gained as investors returned to riskier sectors.
- Losers:
- Defensive sectors remained under pressure.
Key Movers:
- Apple (AAPL): Closed flat after unveiling its new iPhone models.
- Boeing (BA): Gained over 3% after reaching a tentative labor agreement with its union.
- Palantir (PLTR): Rose over 14% after news of its upcoming inclusion in the S&P 500.
Economic Data:
- CPI & PPI: Inflation reports, due Wednesday and Thursday, are highly anticipated as they will influence the Federal Reserve’s next rate decision.
Outlook:
With inflation data ahead, investors are bracing for potential volatility. The Federal Reserve’s upcoming meeting on September 18 will be a key focus for market direction.
