U.S. shares mostly rose this morning as markets shifted their attention from the Federal Reserve to earnings and economic reports, according to the Associated Press. Dow futures were up less than 0.1% at 34,604.00. S&P 500 futures rose nearly 0.1% to 4,445.50.
Toyota shares dropped after all its auto assembly lines at its plants in Japan, or 28 lines in 14 plants, were shut down over a problem in its computer system that deals with incoming auto parts. Toyota stock finished 0.2% lower.
Investors have a busy week ahead full of economic reports that could shed more light on whether the job market remains hot and inflation is still cooling. The latest data could provide more clues about whether the Fed is likely to hold interest rates steady or raise them again before the year closes.
Wall Street will get an update Tuesday on consumer confidence, which jumped sharply in July and is expected to remain strong in August.
The government will issue its July report on job openings on Tuesday and its broader jobs report for August on Friday. The job market is being closely watched because it has remained strong amid high inflation.
Investors and economists will be focusing closely on the government’s latest inflation update on Thursday. The report on personal consumption and expenditures is the Fed’s preferred measure as it tries to rein inflation back to 2%.
In energy trading today, benchmark U.S. crude rose 55 cents to $80.65 a barrel. Brent crude, the international standard, added 59 cents to $85.01 a barrel.
In currency trading, the U.S. dollar inched up to 146.62 Japanese yen from 146.54 yen.
