09.09.202513:40:18UTC+00US Stocks Slightly Higher, Jobs Revision Eyed

On Tuesday, U.S. stocks saw a modest increase, with the three major indices each advancing approximately 0.1%. Investors are anticipating a potential interest rate reduction by the Federal Reserve in the coming week. Attention is also directed toward the Bureau of Labor Statistics' preliminary revision of employment figures for the 12 months leading up to March. Analysts broadly expect a downward revision, suggesting a notable deceleration in the labor market, which in turn fuels optimism for rate cuts, including a possible 50 basis point reduction anticipated next week. This week's focus also includes key inflation data, as both the Consumer Price Index (CPI) and Producer Price Index (PPI) reports are scheduled for release. Energy stocks performed best, while materials stocks lagged behind. Among individual companies, Nvidia, Microsoft, and Meta experienced gains of nearly 0.5%. Meanwhile, Amazon's stock remained relatively stable, and Apple saw a 0.6% decline as it approached its major product launch event.