Key inflation reports this week could clarify the path of future monetary policy.
eked out a 0.09% gain and settled at 13,761.53. All three indexes posted a losing week, however. It was the first negative week in three for the S&P and Nasdaq.after a string of stronger-than-expected economic data points last week renewed worries that the Federal Reserve could raise rates more than previously expected.
"Both CPI and PPI inflation reports will highlight the importance of oil price, which has pushed toward the upper end of its one-year trading range," Ma said. "A break above $90/barrel for WTI would start to cause concerns for future price pressures in the economy." Elsewhere, investors are also getting financial updates from two big tech giants: Oracle on Monday and Adobe on Thursday.during which the company is widely anticipated to unveil the iPhone 15.
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