Wall Street Bounces Back: Major Indexes Gain Over 1% Amid Investor Optimism

Wall Street's three major indexes surged more than 1% as investors sought bargains after a previous sell-off and awaited key inflation reports and the Federal Reserve's policy decision. Key movers included Nvidia, Apple, and Boeing, while investors remained cautious ahead of CPI data and potential interest rate changes.

Wall Street's three major indexes surged by over 1% on Monday as investors sought bargains following the previous week's sell-off. Market participants are now eagerly awaiting key inflation reports and the Federal Reserve's upcoming policy decision next week.

Last week saw a significant retreat in equities, triggered by weaker-than-expected August jobs and manufacturing data. This led to the Nasdaq Composite suffering its biggest weekly loss since January 2022 and the S&P 500's largest decline since March 2023. However, investors appeared more bullish as the new week began.

Key events this week include the Consumer Price Index (CPI) report on Wednesday, expected to influence the Fed's interest rate decision. Stocks like Nvidia saw major gains, while Apple and Boeing also had notable performances. Market strategist Phil Blancato expressed concerns about potential volatility if inflation data doesn't meet expectations.

(With inputs from agencies.)