S&P500 Forecast: SPX rebounds as big tech recovers & inflation is in focus
U.S. stocks point to a higher start as they recover from the weakness over the past few sessions, which saw the S&P 500 fall to a six-month low. An improved market mood and optimism of a soft landing helped lift stocks even as inflation was stickier than expected.
Core PCE, the Fed's preferred gauge for inflation, remained at 2.6% YoY but personal spending remained solid at 0.2%,