Stocks waver in lead up to data deluge; CPI in focus

Aug 12 - U.S. stocks struggled for direction on Monday as investors braced for a slew of economic data this week with their focus on U.S. consumer prices to gauge the outlook on the Federal Reserve's monetary policy path.

Both the S&P 500 , and the Nasdaq Composite , recouped most of their losses by the end of last week, after the benchmark index suffered its biggest one-day percentage drop in nearly two years on fears of recession and the unwinding of currency carry trade positions involving the yen. Figures for July U.S. retail sales on Thursday are likely to show marginal growth, and investors expect that any weakness in the data could reignite fears of a consumer slowdown and a potential recession.

Fed Governor Michelle Bowman softened her usually hawkish tone ever so slightly on Saturday, noting some further"welcome" progress on inflation in the last couple of months but said inflation remains"uncomfortably above" the central bank's 2% goal and subject to upside risks. Starbucks , climbed 3.5% on reports that activist investor Starboard Value, which holds a stake in the coffee giant, wants the company to take steps to improve its stock price.

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.

3 stocks retail investors turned to when stocks fell this weekSome retail investors used the market sell-off earlier this week as a buying opportunity. IG Group North America CEO JJ Kinahan joins Yahoo Finance to...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

July CPI, retail sales, earnings: Consumer in focus this weekIt's a big week on Wall Street as investors prepare for the release of several key economic data points. Wednesday will be especially important, as the July ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks waver ahead of key signals on inflation, economyWall Street is coming off a whipsaw week that has left markets jumpy and 'on edge.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US stocks waver amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks waver in wait for key earnings, Fed meeting kickoffA packed day of earnings and the start of the Fed's July meeting continue a potentially pivotal week for stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »