Inflation back in focus, Apple's iPhone event: What to know this week

Published On Sep 8, 2024, 7:31 AM

The article highlights that inflation is back in focus following a mixed August jobs report, and upcoming economic data will influence investor sentiment. The S&P 500 experienced a significant drop, suffering its worst weekly performance since the banking crisis earlier in 2023. Investors are keenly awaiting CPI data to assess inflation trends, with forecasts indicating a potential decrease in inflation rates. Additionally, Apple is set to announce its new iPhone, which could impact its stock and the tech sector.

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Stock Forecasts

AAPLView AAPL chart on TradingView

Positive

Given the impending Apple iPhone event and its potential to boost sales and market excitement, combined with the broader tech sector's performance and investor sentiment regarding inflation, Apple could see a positive reaction.

SPYView SPY chart on TradingView

Negative

With the mixed jobs report and concerns about inflation leading to significant market declines, major indices like the S&P 500 and Nasdaq may continue to face downward pressure as investors remain cautious and await clearer signals from forthcoming economic data.

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