Investing.com – US stock indexes rose during the trading hours on Monday, as investors prepared for US inflation data.
He settled at 39,500 points. It rose 0.5%, and advanced 0.9%.
The next batch of inflation data will be important for markets that are still subdued after more volatility over the past few days. Wednesday’s CPI report for July will be a key indicator of whether the economy remains healthy, or whether investors will remain uneasy after a weak nonfarm payrolls report in July added to the recent selloff.
On Friday, all major indices rose at the end of the week, but stopped short of fully recovering. The Dow Jones ended the week down 0.6%, while the S&P 500 ended the week down just 0.04%, and the Composite ended the week with a loss of 0.18%. Wall Street started last week with a big sell-off amid growing fears about economic growth in the United States.
Wall Street is also awaiting the July Producer Price Index report on Tuesday. July sales are also scheduled for Thursday.
Stock movements
Shares of NVIDIA Group (NASDAQ:) rose 5%, helping the rise of the NASDAQ index. While technology stocks like Microsoft Group (NASDAQ:) and Apple (NASDAQ:) rose slightly.
On the other hand, Lucid Motors (NASDAQ: ) stock is now down 4.5% to $3.04.
While Canon (OTC:) shares are rising around 0.11%, and NEO (NYSE:) shares are rising around 0.6%.
To know the fair value of the shares mentioned, click here
Markets at 18:15 Riyadh time
It is now up 1% to $2,497 an ounce.
While it rose 1.1% to $2,458 per ounce.
On the other hand, it is down 0.02% to a level of 102.93 points.
Meanwhile, crude futures rose 1.46% to $80.8 a barrel.
While West Texas Intermediate crude contracts rose 1.9% to $78.3 per barrel.
2024-08-12 15:19:00
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