Stocks Rise Pre-Bell Ahead of Key Consumer Inflation Report
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US equity markets are up ahead of a key consumer inflation report, with the S&P 500 and Dow Jones rising 0.2% and the Nasdaq 0.3% in premarket trading. The consumer price index for August is expected to show a 0.3% increase, with a 92% chance of a 25-basis-point rate cut by the Federal Reserve next week. Notable stock movements include Opendoor Technologies surging 32% after a CEO hire, and Oxford Industries climbing 15% after strong earnings. Treasury yields are also up, while crude oil and gold prices have decreased slightly.
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