US stocks were mostly higher on Monday as traders brace for a busy week of economic data ahead of next week's FOMC decision.
The S&P 500 rose 0.2% and the Nasdaq gained 0.6%, while the Dow Jones hovered around the flatline. Inflation data will be in focus, with the upcoming CPI and PPI reports expected to shed more light on price pressures. Markets have nearly fully priced in a Federal Reserve rate cut this month, particularly after last week's weak jobs report.
The BLS's preliminary benchmark revision to employment levels for the 12 months through March will also draw attention. At the sector level, technology and consumer discretionary led the gains, while real estate lagged.
On the corporate front, Broadcom (+3.7%) and Oracle (+2.2%) advanced strongly. Robinhood Markets (+11.5%) and AppLovin (+11.2%) also surged, with both companies set to join the S&P 500 on September 22. On the other hand, Apple shares were down 0.1%, Visa fell 0.4% and T-Mobile sank more than 5%.
Source : Trading Economics
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