Dow, S&P 500, Nasdaq futures gain after weak jobs report with key inflation data on deck

US stock futures pushed up Sunday evening as investors set their sights on inflation data in an otherwise calm first full trading week for the historically slowest month of the year.

Dow Jones Industrial Average futures (YM=F) moved up around 0.2%, while contracts tied to the S&P 500 (ES=F) climbed 0.2%. Nasdaq 100 (NQ=F) futures made gains of about 0.4%.

Despite a pullback on Friday, the major indexes remain just shy of all-time highs. The S&P 500 (^GSPC) closed last week just under 1% below its record, with the Nasdaq Composite (^IXIC) and Dow (^DJI) following closely behind.

This week’s spotlight will be on two key inflation reports: the producer price index (PPI) on Wednesday and the consumer price index (CPI) on Thursday. Together, the data will offer fresh insight into the strength of the economy and should serve as the final test on whether the Fed is on track to deliver a widely expected rate cut at its September meeting.

The reports follow a softer-than-expected August jobs print that bolstered hopes for easier monetary policy. Investors will be watching closely to see if inflation trends line up with that narrative, potentially clearing the path for stocks to extend their record-setting run.

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The week ahead is light on earnings reports, with Oracle (ORCL), Adobe (ADBE), and Kroger (KR) the main highlights.