by Abigail Summerville
(Reuters) – The New York Stock Exchange ended mixed on Monday, the first day of a week rich in economic data that could provide insight into the U.S. Federal Reserve’s upcoming rate decisions, expected in September.
The Dow Jones index fell 0.36%, or 140.53 points, to 39,357.01 points.
The broader Standard & Poor’s 500 gained 0.23 points to 5,344.39.
The Nasdaq Composite rose 35.31 points, or 0.21%, to 16,780.61 points.
Markets are awaiting the publication of CPI inflation for July in the United States on Wednesday, a key indicator for the trajectory of the Fed’s monetary policy.
Traders believe a cut of at least 25 basis points at the next meeting is certain, giving a 50 basis point cut a 50 basis point chance.
The July retail sales report will also be in focus, with any weakness in the data likely to revive fears of a slowdown in consumption and a recession.
Results from retail giants such as Walmart will also provide clues about U.S. consumer spending.
(Reporting by Zhifan Liu)
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