Stable inflation expectations for US consumers in August The US dollar fell, while gold prices slightly rose

Stable inflation expectations for US consumers in August

The US dollar fell, while gold prices slightly rose

The market will focus on inflation data this week

On Monday (September 11th), the US stock market rose ahead of numerous economic data releases this week, which helped shape the market's view on how far the Fed is from ending interest rate hikes. US Treasuries were mixed, while the US dollar fell. A survey by the New York Federal Reserve showed that inflation expectations for American consumers remained stable in August, but households were more concerned about their financial situation and more pessimistic about the job market. Wednesday's Consumer Price Index report will provide the latest insights on how much the Federal Reserve may need to take to bring inflation back to its target.

The S&P 500 index is approaching 4500 points, while the Nasdaq 100 index is up 1.2%. Morgan Stanley stated that its Dojo supercomputer may add up to $500 billion in value to the company, with Tesla's stock price up 10%. Qualcomm's stock price rose after Apple reached an agreement with chip manufacturers. Traders are also waiting for Apple's product launch on Tuesday. The stock price of Walt Disney rose after reaching an agreement with Charter Communications. After the market, due to a slowdown in cloud sales growth and a decline in sales, Oracle's stock price fell.