Wall Street's Three Main Stock Indexes Rally Amid Pre-Inflation Report Speculations

Wall Street's main stock indexes rose on Monday following a week of losses, as investors sought bargains ahead of key inflation reports and the Federal Reserve's policy decision. The CPI report on Wednesday and producer prices data on Thursday are anticipated to influence the Fed's rate decision. Market heavyweights like Nvidia and sectors such as financials and industrials led the gains.

Monday saw a rebound in Wall Street's major stock indexes after a challenging week, as investors positioned themselves ahead of crucial inflation reports and next week's Federal Reserve policy decision.

This week's highlights include the consumer price index (CPI) report, expected on Wednesday, and Tuesday night's first presidential debate between U.S. candidates Kamala Harris and Donald Trump. Global markets were unsettled by concerns over the U.S. economy and the Fed's rate strategy, especially after disappointing August jobs data.

According to Phil Blancato, chief market strategist at Osaic Wealth, New York, the market's reaction to any deviation from expected inflation figures could prove volatile. Financials and industrials led Monday's gains, with notable stock movements such as Nvidia's recovery and Apple's newest iPhone announcement playing significant roles in market dynamics.

(With inputs from agencies.)