Stocks rise as investors look to coming inflation, jobs data: Stock market news today

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Wall Street was ready for Thursday and Friday's important inflation and jobs statistics when it opened on Monday, disregarding the cautionary tone of Fed Chair Jerome Powell's remarks last week.

The Dow Jones Industrial Average (DJI) rose 0.6%, or more than 200 points, while the S&P 500 (GSPC) grew 0.6%. In the closing trading days of a rocky August, the tech-heavy Nasdaq Composite (IXIC) gained 0.8%, recording a victory.



The Dallas Fed's monthly manufacturing report was the most prominent item of economic data at the beginning of the week, while the economic and earnings calendars were sparsely filled with no significant earnings announcements. The manufacturing sector in Texas continued to decrease, according to that report.

More market watchers are preparing for a prolonged era of higher interest rates, even as predictions of a US recession have cooled or changed in recent weeks. Despite being cautious and balanced, Powell's address in Jackson Hole on Friday morning gave markets more reason to assume that the Fed will raise interest rates before the year is through.

The data collection that will be available in the upcoming days will give central bankers more insight into whether previous rate hikes have sufficiently

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