US stocks posted gains on Friday, with major indexes on Wall Street posting their first weekly gains in four weeks.

Markets are now awaiting August CPI data, due on Tuesday, in a bid to watch for signs of an easing in inflation levels. Annual inflation is expected to fall to 8.1% in August, down from 8.5% in July.

The majority of traders now expect a 75 basis point rate hike at the next Fed meeting.

shares of Kroger Co KR rose over 7% on Friday after the company raised its full-year guidance.

That Nasdaq100 up 2.17% to close at 12,588.29 on Friday during the S&P500 rose 1.53%. That Dow Jones jumped 377 points to 32151.71 in the previous session.

Most sectors of the S&P 500 ended positively, with communications services and energy stocks posting the biggest gains on Friday.

The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) fell 0.6% to 23.48 points.

What is the CBOE Volatility Index?

The CBOE Volatility Index, popularly known as the VIX, is a measure of stock market volatility expectations based on call and put options of the S&P 500 index options.

[ad_2]

Source story