A trader works on the floor at the New York Stock Exchange (NYSE), New York, August 3, 2022.
Andrew Kelly | Reuters
Here are the most important news items that investors need to start their trading day:
1. Stocks look for momentum
U.S. equities markets were on track to open higher Monday morning after three straight winning weeks for the S&P 500, which is recovering from its worst first half in more than 50 years. The Nasdaq also posted a winning week as investors digested the latest jobs report, which was much stronger than expected, as well as chances for future rate hikes from the Federal Reserve, which is in inflation-fighting mode. Markets will also get a fresh read on inflation this week: The latest consumer price index is slated to be released Wednesday, and economists expect it to show a slight slowdown in the red-hot rate of inflation. Follow live stock market updates here.