US open: Stocks mixed as traders look ahead to key inflation data.


Wall Street trading got off to a mixed start on Monday as traders braced for a data-heavy week, which will include the release of two closely watched inflation readings.

Source: Sharecast

As of 1445 BST, the Dow Jones Industrial Average was down 0.14% at 45,336.40, while the S&P 500 advanced 0.18% to 6,492.92 and the Nasdaq Composite came out of the gate 0.65% firmer at 21,841.41.

The Dow opened 64.46 points lower on Monday, extending losses recorded in the previous session as concerns about the economy overshadowed increased rate-cut projections, as data showed that hiring slowed to a crawl in August.

Traders were looking ahead to two major inflation releases this week, with the latest US jobs report fuelling speculation that the Federal Reserve may move to cut interest rates at its upcoming policy meeting.

The producer price index for August was scheduled for release on Wednesday, followed by the consumer price index on Thursday, with both expected to provide further clarity on the trajectory of inflation and the Fed's next steps after Friday's non-farm payrolls data showed weaker-than-expected hiring in August, reinforcing hopes that the central bank could begin easing monetary policy sooner than previously anticipated.

On the macro front, July consumer credit change figures were slated for release at 2000 BST.

No major corporate earnings were slated for release on Monday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Amgen Inc. (AMGN) $283.64 1.26%

Dow Jones - Fallers

Microsoft Corp. (MSFT) $495.00 -2.55%
Cisco Systems Inc. (CSCO) $66.90 -1.60%
Intel Corp. (INTC) $24.49 -0.49%
Apple Inc. (AAPL) $239.69 -0.04%


S&P 500 - Risers

Nektar Therapeutics (NKTR) $40.18 11.67%
Broadcom Inc. (AVGO) $334.89 9.41%
Micron Technology Inc. (MU) $131.37 5.76%
KLA-Tencor Corp. (KLAC) $905.09 3.64%
Align Technology Inc. (ALGN) $139.12 3.28%
Fortinet Inc. (FTNT) $78.83 3.13%
Applied Materials Inc. (AMAT) $162.75 2.85%
Intuitive Surgical Inc. (ISRG) $466.86 2.71%
Lam Research Corp. (LRCX) $102.95 2.52%
Henry Schein Inc. (HSIC) $69.43 2.43%

S&P 500 - Fallers

Advanced Micro Devices Inc. (AMD) $151.14 -6.58%
Fastenal Co. (FAST) $47.99 -4.54%
T. Rowe Price Group Inc. (TROW) $108.16 -3.01%
Apache Corp. (APA) $22.75 -2.94%
Diamondback Energy Inc. (FANG) $138.71 -2.82%
Copart Inc. (CPRT) $48.57 -2.80%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $514.86 -2.76%
Zions Bancorporation (ZION) $56.52 -2.74%
Nvidia Corp. (NVDA) $167.02 -2.70%
Microsoft Corp. (MSFT) $495.00 -2.55%

Nasdaq 100 - Risers

Broadcom Inc. (AVGO) $334.89 9.41%
Micron Technology Inc. (MU) $131.37 5.76%
Baidu Inc. (BIDU) $101.96 3.82%
Asml Holdings N.V. (ASML) $781.70 3.75%
KLA-Tencor Corp. (KLAC) $905.09 3.64%
Tesla Inc (TSLA) $350.84 3.64%
Align Technology Inc. (ALGN) $139.12 3.28%
Applied Materials Inc. (AMAT) $162.75 2.85%
Intuitive Surgical Inc. (ISRG) $466.86 2.71%
Lam Research Corp. (LRCX) $102.95 2.52%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $9.09 -7.67%
Fastenal Co. (FAST) $47.99 -4.54%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $514.86 -2.76%
Nvidia Corp. (NVDA) $167.02 -2.70%
Microsoft Corp. (MSFT) $495.00 -2.55%
Starbucks Corp. (SBUX) $85.43 -1.82%
Automatic Data Processing Inc. (ADP) $295.97 -1.73%
Wynn Resorts Ltd. (WYNN) $120.90 -1.62%
Cisco Systems Inc. (CSCO) $66.90 -1.60%
Monster Beverage Corp (MNST) $62.46 -1.56%

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