Stocks fluctuate ahead of key economic data releases, including CPI; mixed performance with tech companies.

From Investing.com: 2024-08-12 12:06:04

U.S. stocks were volatile on Monday with the focus on U.S. consumer prices to determine the Federal Reserve’s next move. Tesla dropped 1.8% while Nvidia rose 4%. Real estate and industrials were top losers. Investors await Wednesday’s CPI reading to show inflation growth of 0.2% in July. Markets predict 100 bps easing by 2024. Retail sales data due Thursday may signal a slowdown. Walmart and Home Depot earnings are crucial. Fed Governor Bowman hinted at rate cuts. Starbucks surged 3.5% on investor calls to boost stock value. KeyCorp rose 11.9% on Scotiabank deal, Hawaiian Electric fell 15.6%.



Read more at Investing.com: Stocks waver in lead up to data deluge; CPI in focus By Reuters