U.S. stocks closed higher on Monday with the Nasdaq Composite gaining over 150 points amid a rise in Amazon.com, Inc. AMZN and Apple Inc. AAPL shares.
Let’s have a look at the major economic events scheduled for today.
- The NFIB small business optimism index for August is scheduled for release at 6:00 a.m. ET. The small business optimism index is expected to rise slightly to 90.5 in August from July’s reading of 89.9.
- The Consumer Price Index for August will be released at 8:30 a.m. ET. Annual inflation rate is expected to ease to 8.1% in August from 8.5% in the prior month. Analysts, meanwhile, expect monthly consumer prices falling 0.1% in August.
- The Treasury is set to auction 30-year bonds at 1:00 p.m. ET.
- The U.S. Treasury budget statement for August will be released at 2:00 p.m. ET.
Market Volatility Increases Ahead Of US Inflation Data
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Image and article originally from www.benzinga.com. Read the original article here.