Stock market today: US stocks nudge higher in wait for Fed speakers, key inflation print

Published On Sep 23, 2024, 9:36 AM

U.S. stocks showed slight gains on Monday as investors anticipated insights from Federal Reserve officials and a crucial inflation report, specifically the Personal Consumption Expenditures (PCE) index which is a preferred inflation gauge for the Fed. The market has concerns over the economy's health, especially after last week's interest rate cuts by the Fed. Current sentiment suggests the potential for another interest rate cut if inflation continues to cool, and major corporate developments include Intel's share increase following news of a significant investment offer from Apollo Global Management.