From Nasdaq:

Investors on Wall Street are closely monitoring upcoming consumer and producer price data to determine if the Federal Reserve will cut interest rates soon. U.S. stocks saw slight declines on Monday as anticipation grows for key economic indicators this week.

In other news, Housing starts fell 4% in May due to a decline in the construction of both single and multi-family homes. Despite this drop, building permits rose to a four-month high, indicating potential growth in the housing market in the near future.

Moreover, Oil prices rose on Monday as tensions in the Middle East escalated following attacks on two oil tankers last week. The incident heightened concerns about potential disruptions to global oil supplies, causing a spike in crude prices.

Additionally, Retail sales in the U.S. increased by 0.5% in May, demonstrating a strong consumer demand for goods and services. The rise in retail sales exceeded expectations and bodes well for economic growth, indicating a robust consumer spending trend in the country.

Furthermore, The U.S. economy added 75,000 jobs in May, falling short of the expected 185,000 jobs. The disappointing job growth was attributed to factors such as trade tensions and slowing global growth. However, the unemployment rate remained steady at 3.6%, near a 50-year low.

Lastly, The Federal Reserve is set to hold a two-day policy meeting this week, where they will discuss potential interest rate cuts. With mounting economic uncertainties and trade tensions, investors are eager to see if the Fed will provide any signals about rate cuts in the near future to support the economy.



Read more at Nasdaq: S&P 500, Nasdaq dip as investors brace for CPI, PPI data