Another round of inflation data arrives a day after consumer price data met expectations. Stocks fell sharply, though, due to rising Iran tensions and more selling of chip makers.
Stocks are higher across the board in the face of a hotter-than-expected producer price index report. Iran headlines and oil prices remain on the radar.
Producer Price Index data is surging at the fastest rate in nearly four years as PPI beat estimates. As ongoing threats intensified in the Middle East, crude prices wavered.
CPI data due today will offer the latest inflation reading ahead of next week's Federal Reserve meeting, a day after chipmakers suffered a second rout in three trading sessions.
As Wall Street eagerly awaits historically large IPOs, index providers weigh the implications and logistics of adding new members on an accelerated timeline.
Tech stocks led the market higher to start the week after Friday's sell-off. With yields and rate hike expectations rising, CPI and PPI data will be highlights this week.
The Senate passed $70 billion immigration enforcement funding bill, Capitol Hill struggles to find consensus on how to regulate AI, and the Trump Accounts app is live.
Equity markets should remain supported by strong earnings and capital investment trends through 2026, but market concentration and macro risks leave less room for error.
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