U.S. stocks were mixed at the start of a week marked with a crucial inflation print and other economic data that are poised to shed further light on the monetary policy outlook, with the first U.S. presidential debate also on the watch list.
The biggest event on investors' radar for the week is Friday's personal consumption expenditures (PCE) price index report- the Federal Reserve's preferred measure of inflation, expected to show moderation in price pressures.
Nvidia shares dropped 3% in morning trading Monday. The stock closed down 3.2% on Friday. Having briefly become the world’s most valuable company last week, Nvidia has now dropped back behind Microsoft and Apple in market value. CEO Huang disclosed that he sold 720,000 Nvidia shares from June 13 through 21 for a total of $94.6 million, an average price of $131.44 each.
