WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
All three major indexes posted losses last week as a result. The S&P 500 pulled back 1.16%, while the Nasdaq Composite and Dow Jones Industrial Average fell 0.92% and 1.96%, respectively.
Still, investors also have a slew of quarterly earnings reports to consider. Finance behemoths BlackRock, JPMorgan Chase, Wells Fargo and Citi will all report and kick off the second-quarter earnings season.
E-Mini Nasdaq
This week’s inflation data follows a rate hike skip at the June Federal Open Market Committee meeting. The consumer price index report is due out Wednesday morning, followed by the central bank’s preferred gauge of wholesale price pressures, the producer price index, on Thursday.
Stocks are heading into a new week after closing lower on jobs data from ADP and the Labor Department last week. Despite non-farm payrolls growth cooling somewhat, investors signaled that the still churning economy is enough for the Federal Reserve to continue on with benchmark interest rate hikes.
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