US stocks edge lower as investors await slew of economic data

• US stocks edged lower on Tuesday as investors await a slew of economic data this week.
• Inflation data via PCE will be released on Thursday, while the August jobs report will be released on Friday.
• China enacted a number of economic stimulus measures in a bid to increase consumer spending.

US stocks were mostly lower on Tuesday as investors await a slew of economic data that will confirm whether or not inflation is still falling and if the job market remains on solid footing.

The most anticipated dataset this week is the August jobs report, which will be released Friday morning. Economists are expecting a net gain of 186,000 in August, which would represent a marked slowdown from the post-pandemic job gains seen throughout 2021 and 2022.