US equities recovered ground after last Thursday’s drop, with the S&P 500 rising 2.35% on Monday as technology shares led the advance even while NVIDIA fell. The index also moved back above 7,500, restoring a key technical level after the sell-off.
Inflation Data and Market Outlook
Futures were weaker after inflation data ran hotter than forecast, with CPI at +0.4% month on month versus expectations of +0.3%. The S&P 500 is expected to open 0.5% lower, while attention remains on sentiment gauges: the latest AAII Investor Sentiment Survey showed 34.1% bullish and 48.4% bearish. In derivatives trading, resistance is seen around 7,600 and support near 7,500, with earnings season and volatility expected to keep price action uneven.
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