Dow Jones

Major market averages move higher on Monday as investors brace for the last full week of economic numbers before the next Fed decision.

"Expect a fair amount of attention on what now seems to be sharp falls in used cars after runaway price rises during covid. "The recent slump in commodities, with WTI firmly below $100 per barrel throughout the month, is likely to put downward pressure on the headline number as are gas prices being down -12% over the month," Deutsche Bank's Jim Reid wrote. On the flip side our models suggest rents should continue to climb for a few more months before falling. biomanufacturing](https://seekingalpha.com/news/3882077-biden-to-sign-executive-order-to-boost-funding-for-us-biomanufacturing). [COMP.IND](https://seekingalpha.com/symbol/COMP.IND)) +1.1%, the S&P 500 ( [SP500](https://seekingalpha.com/symbol/SP500)) +0.9%, and the Dow ( [DJI](https://seekingalpha.com/symbol/DJI)) +0.5%. [US10Y](https://seekingalpha.com/symbol/US10Y)) was up 3..9 basis point to 3.36% and the 2-year yield ( [US2Y](https://seekingalpha.com/symbol/US2Y)) was flat at 3.57%.

The stock market moved higher on Monday, extending recent gains ahead of a key inflation report this week, with investors hoping for more signs that high ...

Despite recent gains, the consensus viewpoint in markets is “cautious and skeptical,” with buying likely to “peter out” after Tuesday’s consumer price index report, says Vital Knowledge founder Adam Crisafulli. While Tuesday’s inflation report “will likely show pricing pressure relief,” that won’t convince the Fed to alter its “aggressive stance of tightening monetary policy,” Moya predicts. Ukraine’s “sudden momentum” and recent success driving back Russian forces has boosted optimism in markets, with many hoping for a “turning point” in the conflict, which has been ongoing since late February, he adds. [Dow Jumps Nearly 400 Points As Investors Shake Off Rising Fears About More Fed Rate Hikes](https://www.forbes.com/sites/sergeiklebnikov/2022/09/09/dow-jumps-nearly-200-points-as-investors-shake-off-rising-fears-about-more-fed-rate-hikes/) (Forbes) [Stocks Rally Even After Powell Reiterates That Fed Will Keep Raising Rates](https://www.forbes.com/sites/sergeiklebnikov/2022/09/08/stocks-rally-even-after-powell-reiterates-that-fed-will-keep-raising-rates/) (Forbes) [Oil Prices Hit Seven-Month Low As Recession Fears Weigh On Demand](https://www.forbes.com/sites/sergeiklebnikov/2022/09/07/oil-prices-hit-seven-month-low-as-recession-fears-weigh-on-demand/) (Forbes) [Stocks Break Losing Streak Even As Investors Brace For The Market’s Worst Month](https://www.forbes.com/sites/sergeiklebnikov/2022/09/01/dow-falls-nearly-200-points-as-stocks-kick-off-september-with-more-losses/) (Forbes) Markets initially got a boost after a survey from the New York Federal Reserve showed that a decline in gas prices is leading to rising hopes that inflation is cooling, building on recent optimism after consumer prices cooled slightly in July and look set to do so again in August. The stock market moved higher on Monday, extending recent gains ahead of a key inflation report this week, with investors hoping for more signs that high consumer prices have peaked as the Federal Reserve continues to aggressively hike interest rates.

The S&P, Dow and Nasdaq Composite notched their fourth consecutive day of gains.

[Bristol-Myers Squibb](https://www.wsj.com/market-data/quotes/BMY) jumped $2.20, or 3.1%, to $72.36 after the U.S. [Gilead Sciences](https://www.wsj.com/market-data/quotes/GILD) gained $2.73, or 4.2%, to $68.01 after the company said it settled a patent case related to its HIV therapies. [Twitter intends to enforce its purchase agreement](https://www.wsj.com/articles/twitter-says-elon-musks-latest-argument-to-nix-deal-is-invalid-11662982859?mod=article_inline) with Elon Musk. Musk’s legal team on Friday [cited a whistleblower payment](https://markets.cmail20.com/t/d-l-fujdhud-ykkiolklh-b/) as a new reason to drop the takeover. Food and Drug Administration approved the [drugmaker’s psoriasis treatment](https://news.bms.com/news/details/2022/U.S.-Food-and-Drug-Administration-Approves-Sotyktu-deucravacitinib-Oral-Treatment-for-Adults-with-Moderate-to-Severe-Plaque-Psoriasis/default.aspx), Sotyktu. The data is expected to show August was the second consecutive month of cooling inflation pressures. Many investors expect the Fed to raise interest rates by another 0.75 percentage point next week. “We’re in that period where earnings season is over, and it does become all about the biggest story of the year: the Fed and what is the end-target federal funds rate.” [closed higher](https://www.wsj.com/articles/global-stocks-markets-dow-update-09-09-2022-11662725916?mod=article_inline) for the week on Friday. The technology-heavy Nasdaq Composite climbed 154.10, or 1.3%, to 12266.41. Meanwhile, the labor market has remained a key source of economic strength. The Dow Jones Industrial Average added 229.63, or 0.7%, to 32381.34.

The Dow Jones Industrial Average rose in its recent trading at the intraday levels, to achieve gains for the third consecutive session, by 1.19%.

We’ve made a list of [the best online CFD trading brokers](https://www.dailyforex.com/forex-brokers/best-forex-brokers/cfd-trading) worth trading with. With the August CPI on Tuesday, results could show a drop to 8.1% from 8.5% in July. If this prediction is correct, this will be the second drop on the market. The index rose by 2.66%, breaking a series of weekly losses that continued for three consecutive weeks, All of this sets the stage for the stock market's next big test, which is inflation data. Federal Reserve Chairman Jerome Powell said Thursday that the central bank remains firmly committed to fighting inflation, and that nothing will deter it, whether politically or for any other reason.

Dow Jones futures were higher after Monday's stock market rally ahead of Tuesday's key inflation reading, the consumer price index.

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The worst performers of the session were Amgen Inc (NASDAQ:AMGN), which fell 4.07% or 10.07 points to trade at 237.62 at the close. Home Depot Inc (NYSE:HD) ...

[TUEM](/equities/tuesday-morning)) fell to all time lows; falling 31.19% or 0.09 to 0.19. [Dow Jones Industrial Average](/indices/us-30) were Apple Inc (NASDAQ: [AAPL](/equities/apple-computer-inc)), which rose 3.85% or 6.06 points to trade at 163.43 at the close. [AMGN](/equities/amgen-inc)), which fell 4.07% or 10.07 points to trade at 237.62 at the close. Gold Futures for December delivery was up 0.43% or 7.50 to $1,736.10 a troy ounce. Shares in Ventyx Biosciences Inc (NASDAQ: [VTYX](/equities/ventyx-biosciences)) rose to all time highs; up 64.98% or 15.01 to 38.11. Shares in Akari Therapeutics PLC (NASDAQ: [AKTX](/equities/celsus-theraptcs)) fell to all time lows; falling 27.88% or 0.29 to 0.75. [TUEM](/equities/tuesday-morning)) which was down 31.19% to 0.19 in late trade, WeTrade Group Inc (NASDAQ: [WETG](/equities/wetrade)) which lost 30.19% to settle at 1.11 and Akari Therapeutics PLC (NASDAQ: [AKTX](/equities/celsus-theraptcs)) which was down 27.88% to 0.75 at the close. Shares in WeTrade Group Inc (NASDAQ: [WETG](/equities/wetrade)) fell to 52-week lows; down 30.19% or 0.48 to 1.11. [NRBO](/equities/gemphire-therapeutics-inc)) which rose 101.30% to 0.56, InMed Pharmaceuticals Inc (NASDAQ: [INM](/equities/inmed-pharmaceuticals-inc)) which was up 70.42% to settle at 18.78 and Ventyx Biosciences Inc (NASDAQ: [VTYX](/equities/ventyx-biosciences)) which gained 64.98% to close at 38.11. [MOS](/equities/mosaic-company)) which was down 6.76% to 52.44 in late trade, Amgen Inc (NASDAQ: [AMGN](/equities/amgen-inc)) which lost 4.07% to settle at 237.62 and CF Industries Holdings Inc (NYSE: [CF](/equities/cf-industries)) which was down 4.05% to 99.48 at the close. [DXC](/equities/comp-science)) which rose 5.98% to 28.36, APA Corporation (NASDAQ: [APA](/equities/apache-corp)) which was up 5.01% to settle at 40.00 and Fortinet Inc (NASDAQ: [FTNT](/equities/fortinet)) which gained 4.20% to close at 55.84. Home Depot Inc (NYSE: [HD](/equities/home-depot)) declined 0.74% or 2.23 points to end at 297.54 and Johnson & Johnson (NYSE: [JNJ](/equities/johnson-johnson)) was down 0.04% or 0.07 points to 165.64.