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ICE Minneapolis shooting: Noem to deploy hundreds more federal agents to city CNBCTrump Live Updates: Minneapolis Crackdown, Iran Tensions and More The New York TimesHundreds more ICE officers to be sent to Minneapolis following fatal shooting of Renee Nicole Good AL.comKristi Noem vows to send ‘h
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Where do Red Sox go from here after Bregman's Cubs deal? MLB.comSources: Bregman to Cubs on 5-year, $175M deal ESPNCubs, Alex Bregman agree to 5-year deal: reports Fox NewsHere's how Bregman's Cubs deal might ripple throughout market MLB.com
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The attorneys general of Illinois, California, Colorado, Minnesota and New York filed the lawsuit Thursday in federal court in New York, alleging federal officials have no legal or constitutional authority to freeze the money.
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The stock market's recent rally continued Monday, with the major market indexes closing today at their highest levels since late August.
The gains came ahead of tomorrow morning's release of the August consumer price index (CPI) - the last key piece of economic data for the Federal Reserve to consider ahead of its policy meeting next week. "The U.S. consumer price index, to be released on Tuesday, will likely show that August prices rose at an 8.1% pace over the year, compared to the July print at 8.5%," says Jon Maier, chief investment officer at Global X ETFs. "If this number comes to pass, it will show that inflation is slowing some, albeit from very high levels."
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However, even with better CPI numbers, the Federal Reserve is likely "to continue on its path for another 75 basis-point hike later this month," Maier adds. "The Fed is in a tough spot because employment reports suggest labor demand and employment growth have not slowed that much due to Fed actions thus far."
Investor sentiment was also boosted by reports of Ukraine's successful counteroffensive against Russian troops in the country's northeastern Kharkiv region. "The start of the trading week was supposed to be all about the August inflation report, but Kyiv's sudden momentum has many hoping that this moment is a turning point with the war against Russia," says Edward Moya, senior market strategist at currency data provider OANDA.
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By the close, the Nasdaq Composite was up 1.3% at 12,266, the S&P 500 Index gained 1.1% to 4,110, and the Dow Jones Industrial Average
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