00:00It's Benzinga, bringing Wall Street to Main Street.
00:02S&P 500 and Nasdaq futures edged higher Monday as investors weighed developments around the
00:09Strait of Hormuz and prepared for key U.S. inflation data, according to Reuters.
00:14Iran said it was close to an agreement with Oman on new shipping lanes through the strait,
00:19but repeated that the U.S. must meet conditions before the waterway reopens.
00:23Investors are awaiting July consumer and producer price data for clues on the Federal
00:28Reserves policy path. Traders are pricing in a 44% chance of a September rate hike
00:33after the U.S. unexpectedly shed jobs in July. The S&P 500 closed at a record Friday,
00:40while J.P. Morgan raised its year-end target to 8,000 from 7,800.
00:45For all things money, visit Benzinga.com.
Comments