Traders work at the New York Stock Exchange on June 4, 2025.
NYSE
The S&P 500 ticked higher on Monday as investors gear up for a data-heavy week that includes two closely watched readings on inflation.
The broad market index climbed 0.2%. The Nasdaq Composite gained 0.7%. The Dow Jones Industrial Average lagged, falling 62 points, or 0.1%.
Nvidia gained about 2%, recovering some of its steep losses from the past month, while Meta Platforms gained more than 1%. Other “Magnificent Seven” names such as Amazon and Microsoft were also higher.
Investors are awaiting two critical inflation reports this week for more insight into the health of the economy, after weaker-than-expected hiring data on Friday. The producer price index report for August is due out Wednesday morning, followed by the consumer price index on Thursday.
The data follows the lackluster August jobs report that helped fuel investor hope that the Federal Reserve is all but assured to lower benchmark interest rates at its policy meeting later this month. The jobs figures also raised the prospect of a half-point rate cut, per trading data from the FedWatch tool.
“The weak jobs report supports our view that we’re transitioning to early cycle — from rolling recession to rolling recovery,” Morgan Stanley strategist Michael Wilson said in a Monday note. “Near-term risk is tied to whether the monetary policy response is significant enough. Potential choppiness in the short-term should set up a strong finish into both [year-end] & 2026.”
Investors will be watching the reports to gauge the economy’s resilience, hoping to gauge whether stocks can continue to trade at record highs. Heading into Monday trading, the S&P 500 is just 0.8% off its most recent record, alongside the technology-heavy Nasdaq Composite and the 30-stock Dow, per FactSet data.
