U.S. stocks rise as investors wait for pivotal data

U.S. stocks rose Monday morning, as investors looked ahead to a week that will deliver important inflation and employment data, following a cautious view from Federal Reserve Chairman Jerome Powell last week.

“More importantly, Powell did not say anything to hinder investor appetite for large cap growth stocks. Consumer discretionary and tech outperformed, large cap outperformed small cap and growth were generally preferred over value,” said von Mehren. “This week’s core PCE figures and the next CPI report in mid-September will be of extra importance in gauging how the Fed may act at its late September meeting,” he said. “Based on the Fed’s continued commitment to curtailing inflation, we believe that the market has been overly optimistic about the end point of restrictive policy rates.”

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japanese, Hong Kong stocks rise MondayStocks in the Asia-Pacific region mostly rose Monday, Aug. 28. Hong Kong's Hang Seng Index increased 1.0% to 18,130.74, while the Nikkei 225 Index of...
Source: MarketWatch - 🏆 3. / 97 Read more »

European stocks set to open higher after Fed chair signals more rate hikes possibleEuropean shares are set to open higher on the final trading week of August, as traders weighed the prospect of higher interest rates from the Federal Reserve.
Source: NBCDFW - 🏆 288. / 63 Read more »

European stocks open higher after Fed chair signals more rate hikes possibleEuropean shares opened higher on the final trading week of August, as traders weighed the prospect of higher interest rates from the Federal Reserve.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Asian Stock Market: China equities support regional marketsAsian stock markets advanced on Monday, following US equities with mild gains despite the hawkish statement from the US Federal Reserve (Fed) Chairman
Source: FXStreetNews - 🏆 14. / 72 Read more »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Source: NBCLA - 🏆 319. / 59 Read more »