Stocks higher ahead of Tuesday's CPI data

  • Stocks higher ahead of Tuesday's CPI data

    US stocks finished higher for a fourth day as investors look ahead to Tuesday's report on consumer prices. The S&P and Nasdaq added more than 1%; the Dow was up almost 1%. Economists polled by Reuters expect monthly CPI to have contracted 0.1% in August, edging down to 8.1% year-on-year, mainly due to the recent cool-down of commodity prices. The data will be scrutinized for any clues regarding the length and severity of the Federal Reserve's policy tightening phase. Nymex Crude for October delivery gained 99 cents per barrel, or 1.14% to $87.78 today. The 10 Year yield rose 0.040 percentage point to 3.361% today.

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