Stocks rise on Wall Street as markets wait for data in U.S. inflation reports

"The Fed hasn't touched its benchmark borrowing rate in 2025, in part due to healthy unemployment levels and inflation that remains above its 2% target. Uncertainty over the impact President Donald Trump's tariffs - which most economists say trigger price increases - have bolstered the Fed's position so far this year, despite Trump's calls for a rate cut.However, recent data have shown a deteriorating labor market and many expect the U.S. central bank to issue a quarter-point cut when it meets next week."

"In equities trading Monday, EchoStar jumped nearly 24% before the bell on news that it had reached a deal to sell $17 billion worth of spectrum licenses to Elon Musk's SpaceX.SpaceX and EchoStar will enter into a long-term commercial agreement which will allow EchoStar's Boost Mobile subscribers to access SpaceX's next generation Starlink Direct to Cell service.Late last month, EchoStar shares soared more than 70% in a single day after AT&T said that it will spend $23 billion to acquire wireless spectrum licenses from EchoStar."

Wall Street opened higher ahead of two inflation reports that could influence the Federal Reserve's next interest rate decision. The Fed left its benchmark rate unchanged in 2025 as unemployment remained healthy and inflation stayed above 2%, with tariff-driven price uncertainty complicating policy. Recent data show a weakening labor market and many expect a quarter-point cut when the Fed meets Sept. 16-17. The Labor Department will release producer prices Wednesday and consumer prices Thursday. EchoStar agreed to sell $17 billion in spectrum licenses to SpaceX and will enter a commercial deal to bring Starlink Direct to Cell to Boost Mobile. Applovin and Robinhood joined the S&P 500. Oracle and Adobe report earnings later in the week.

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