Inflation back in focus: What To Expect in the Markets This Week

This week, markets will focus on key inflation data, corporate earnings, and Apple's product launch. $S&P 500 Index (.SPX.US)$ , $Nasdaq Composite Index (.IXIC.US)$ , and $Dow Jones Industrial Average (.DJI.US)$ all had a rough start to September, with the S&P 500 down 4%, the Nasdaq tumbling nearly 6%, and the Dow falling 3%. $NVIDIA (NVDA.US)$ 's 12% drop led the tech selloff.

Here’s what to watch:

- CPI inflation report: Investors are waiting for fresh inflation data, which could hint at the Fed’s next move on interest rates.
- Apple’s iPhone event: Set for Monday, this could influence not just Apple (AAPL) but its supply chain and tech stocks overall.
- Earnings reports: Results from $Oracle (ORCL.US)$ , $Adobe (ADBE.US)$ , and $The Kroger (KR.US)$ are on tap this week, providing insight into tech and retail trends.

Lastly, the consumer sentiment report on Friday will add more clarity on economic expectations heading into the final quarter.

Wholesale inventories (July)
Consumer credit (July)
Goldman Sachs Communacopia & Technology Conference begins
Apple event
Oracle reports earnings
Oracle. “Investor Relations - Events and Presentations.”

NFIB Small Business Optimism Index (August)
$Academy (ASO.US)$, $Dave & Buster's Entertainment (PLAY.US)$, and $Petco Health and Wellness (WOOF.US)$ report earnings

Consumer Price Index (August)
$Oxford Industries (OXM.US)$ and $Designer Brands (DBI.US)$ report earnings

Initial jobless claims (Week ending Sept. 7)
Producer Price Index (August)
Monthly U.S. federal budget (August)
$Adobe (ADBE.US)$ and $The Kroger (KR.US)$ report earnings