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Stock Market Today: S&P 500 rebounds from last week's slump; inflation data eyed

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Stock Market Today: S&P 500 rebounds from last week's slump; inflation data eyed

jumped Monday, rebounding from its biggest weekly slump since 2023, as investors digested Apple's new line up of AI-enhanced iPhones and looked ahead to inflation data this week."We don’t think the rally is being spurred by any specific news items out since the Fri close but instead some dip buying driven in large part by oversold conditions and monetary support anticipation," analysts at Vital Knowledge said in a note to clients.

Still, with the labor market is now in the monetary policy driving seat, and following last week's weaker nonfarm payrolls report, many expect the Fed to cut at its meeting next week. Along with the wage bump, the proposed four-year deal would also include a commitment to build a new plane in the US Pacific Northwest, improved retirement benefits and an increase to the union's input into jet quality.) were in rally on Monday after S&P Global announced on Friday that both stocks would join the S&P 500 before the open on Sept.

 

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