All eyes will be on key inflation due out on Tuesday after the market ended a week of losses.
The major equity indexes were on track to rise for a fourth consecutive session. After three weeks of declines, the index last week advanced for the first time. The US dollar continued to pull back from 20-year highs, but the stock market was able to find some relief.
During Monday's session, Disney will be in the spotlight after activist investor Dan Loeb signaled he's pulling back from his call for the entertainment giant to spin off its sports network. The US government plans to broaden curbs on US shipments to China of chips used in artificial intelligence and chip making tools, according to a report.
The US indexes opened at 9:30 a.m.
August inflation data will be important for financial markets, with figures on consumer prices due before the Federal Reserve meets in September. The Fed Funds rate is expected to be raised by 75 basis points for the third meeting in a row, as inflation is well above their 2% target.
It seems policymakers were keen to reinforce their stance ahead of the blackout period, possibly with an eye on that data point. Craig Erlam, senior market analyst at Oanda, said in a note that they didn't have an opportunity to react to the release ahead of the meeting.
According to Jeremy, the S&P 500 could plunge another 26% and he's shorting junk bonds.
Janet Yellen warns that US gas prices could go up this winter as oil goes up.
The price of oil went up. The price of West Texas Intermediate crude increased by 1%. The international benchmark went up by 1.2%.
The price of gold increased to $1,741.60 per ounce. The yield on the 10-year Treasury declined.
The price of the digital currency was $22,349.04.
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