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Stocks gyrated on Monday as investors braced for key inflation data — after almost completely reversing its violent market rout last week.
The Dow Jones Industrial index fell 96.94 points to 39,400.66. Shares of Proctor & Gamble and Home Depot fell 2% each and led the Dow lower.
The S&P 500 index picked up 14.1 points to 5,358.26.
The NASDAQ progressed 112.89 points to 16,858.19.
On Friday, all of the major averages rose to end the week but stopped just shy of a full recovery. The Dow finished the week lower by 0.6%, while the S&P 500 ended down just 0.04%, and the tech-heavy NASDAQ Composite finished with a 0.18% loss.
Shares of Nvidia advanced 2% to help the NASDAQ’s climb. Peer technology stocks Microsoft and Apple were both were marginally higher.
The forthcoming batch of inflation data will be key for markets that remain jittery following increased volatility. Wednesday’s consumer price index report for July will be a pivotal cue as to whether the economy remains sound, or if investors will remain uneasy following July’s weak
nonfarm payrolls report which contributed to the recent selloff.
Prices for the 10-year Treasury stayed put at first, Monday, keeping yields at Friday’s 3.94%.
Oil prices marched ahead $1.10 at $77.94 U.S. a barrel.
Gold prices were better $15.00 to $2,488.40.
