US stocks edged higher on Tuesday, with the three major averages up around 0.1%, as investors continued to bet on a Federal Reserve rate cut next week.
Markets are also awaiting the BLS's preliminary revision to employment levels for the 12 months through March, with most analysts expecting a downward adjustment—pointing to a sharper slowdown in the labor market and bolstering hopes for rate cuts, including a 50 bps move next week. Inflation data will also be in focus this week, with both CPI and PPI reports due. Energy was the top performing sector while materials lagged.
On the corporate side, Nvidia, Microsoft and Meta were up nearly 0.5% while Amazon traded little changed and Apple lost 0.6% ahead of its flagship product launch event.
Source : Trading Economics
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