Economics
Stock Traders Are Bracing for More Volatility Ahead of Inflation Data Deluge
- S&P 500 Index is headed for its second-best month in a year
- Investors await Fed’s preferred price index, employment costs
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Crucial clues to where US stocks go from here following their October rebound lie in Friday’s inflation data that has investors bracing for more volatility.
The S&P 500 Index has surged 6.4% this month, putting it on track for its its second best month in a year. The bounce follows a 9.3% drop in September -- the steepest monthly decline since the depths of the pandemic in March 2020.