09/09/2024

Wall Street Eyes Higher Open on Soft Landing Optimism

Meanwhile, Boeing jumps after reaching tentative labor deal

Wall Street was set for a higher open on Monday, rebounding from a week of heavy losses as investors remained optimistic about a soft landing scenario for the U.S. economy ahead of a crucial inflation report later in the week.

All megacap stocks rose in premarket trading, with Tesla leading the gains, rising 2.2 percent.

Most chip stocks, which also saw heavy selling last week, recovered with AMD and Marvell Technology advancing 1 percent and 1.5 percent, respectively.

Please select this link to read the complete article from Reuters.