managed to hold on to their upward momentum in Monday's trading session. The S&P 500 ended flat, up only 0.23 points, at 5,344.39, after moving back and forth between gains and losses all day. The Nasdaq, meanwhile, advanced 0.21% thanks towas the outlier, pulling back 140 points, or 0.36%. Investors will be watching the producer price index — a measure of wholesale prices that's due out at 8:30 a.m. ET. A Dow Jones consensus estimate expects a monthly gain of 0.
On the Greek island of longevity, where people often live to 100, we swear by this ingredient: ‘I use it every day'. In fact, the New York Fed's Survey of Consumer Expectations put the three-year inflation outlook at 2.3%. That's down 0.6 percentage points from the June outlook, and is the lowest level in the history of the survey, dating back to June 2013. Put another way, respondents think inflation will stay elevated over the next year but then expect it to recede after that.
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