Wall Street is closed Monday, September 7, for Labor Day, giving investors a three-day weekend. The NYSE, Nasdaq and US bond markets resume trading Tuesday at 9:30 a.m. ET. Stocks ended last week lower after a stronger-than-expected August jobs report reshaped Fed rate expectations. Payrolls rose 162,000, well above forecasts, while unemployment held at 4.1%, pushing the odds of a 25-basis-point hike at the September 16 meeting to roughly 58-59%. This week’s focus shifts to inflation data, with Producer Price Index numbers due Thursday and Consumer Price Index data Friday, both key inputs for the Fed’s decision.
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