S&P 500 Forecast: US inflation data in focus, traders eye Oracle earnings

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• S&P 500 pulled back 1.3% last week, trading as low as 4,430.
• Wednesday sees the release of the US CPI for August.
• Oracle reports earnings on Monday after the close.
• US Retail Sales for August arrive on Thursday and are expected to add 0.2% MoM.
• Adobe and Lennar report earnings on Thursday.

The S&P 500 lost 1.3% last week but attempted to rebound on Friday though the index lost much of its gains toward the end of its session. The market is more sanguine on Monday, and the S&P 500 advanced 0.4% at the open. Both the Dow Jones Industrial Average and the NASDAQ Composite are trading slightly above the S&P 500’s performance.