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Wall Street’s major averages pushed higher Friday after the latest consumer inflation report came in largely in line with expectations. U.S. consumer prices rose 0.4% in August, matching forecasts after a 0.1% gain in July and leaving the year-over-year rate unchanged at 3.4%. Core CPI (ex-food and energy) increased 0.3% versus the 0.2% consensus and prior reading, while the annual core rate eased to 2.4% from 2.5%, in line with estimates.
The economic calendar is light for the upcoming week barring the Federal Reserve’s interest rate decision, which is due on Wednesday. August’s retail sales data will also be released on the same day. The FOMC will hold its press conference the following day, with initial jobless claims data and the Philadelphia Fed Manufacturing Index for September also scheduled for Thursday.
VinFast (VFS) is among the firms reporting in the coming week.
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Earnings spotlight: Friday: VinFast (VFS). See the full earnings calendar.
Volatility watch: Amazon (AMZN) and Super Micro Computer (SMCI) have seen options volatility increase over the last week. The most overbought stocks per their 14-day Relative Strength Index include TJGC Group (TJGC), Cascadia Minerals (CAMNF), and Private Bancorp of America (PBAM). The most oversold stocks per their 14-day Relative Strength Index include EverCommerce (EVCM) and Burlington Stores (BURL). Short interest is elevated on Vital Farms (VITL) and Hims & Hers (HIMS).
Dividend watch: Companies that have an ex-dividend date coming next week include FedEx (FDX), UnitedHealth Group (UNH), Altria (MO), and Coca-Cola (KO).
IPO watch: Companies due to price their