Stock Market News Today: Indexes Head for Weekly Gains
The S&P 500, Nasdaq, and the Dow Jones Industrial Average are up about 2% or more this week.
Stay updated with breaking news from Arkets Wrap. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The S&P 500, Nasdaq, and the Dow Jones Industrial Average are up about 2% or more this week.
Oil prices jumped as much as 5% Monday, while US stock futures fell with investors fretting about the impact of Hamas' strike.
Investors are awaiting CPI inflation data on Wednesday for more insight into what the Fed could do at its next policy meeting later this month.
The August employment report will be released Friday morning, with economists expecting a net gain of 186,000 new jobs.
A decline in job openings means wage pressures should ease, which would give the Federal Reserve some breathing room in its interest rate plans.