* Major stock indices stabilize,Nasdaq and S&P rise over 1%;

* U.S.consumer credit increases by $25.5 billion in July;

* Boeing surges over 3%,reaches preliminary agreement with the union.

Following the worst single-week performance of the year,U.S.stocks rebounded across the board on Monday.By the close,the Dow Jones Industrial Average rose 484.18 points,or 1.20%,to 40,829.59,the Nasdaq Composite gained 1.16% to 16,884.60,and the S&P 500 index climbed 1.16% to 5,471.05.

The market is closely watching the U.S.Consumer Price Index (CPI),which will be released on Wednesday.Ronald Temple,Chief Market Strategist at Lazard,stated that while the battle against inflation is not yet fully won,it can be confidently said that the Federal Reserve should be satisfied that inflation is well under control,thus beginning to shift monetary policy in a direction with fewer restrictions.

Market Overview

Data released by the Federal Reserve on Monday showed that total U.S.consumer credit increased by $25.5 billion in July,better than market expectations.Revolving credit,which includes credit cards,increased by $10.6 billion,the largest increase in five months.

Long-term U.S.Treasury yields fluctuated narrowly,with the closely rate-expectation-linked 2-year Treasury note rising 1.5 basis points to 3.66%,while the benchmark 10-year Treasury note fell to 3.69%.According to the FedWatch tool from the Chicago Mercantile Exchange,the money market currently sees a 73% chance of the Federal Reserve cutting rates by 25 basis points next week and expects the policy rate to drop by 100 basis points by the end of the year.

Sarat Sethi,Managing Partner at Douglas C.Lane & Associates,said: "I do think there is a bit of a short-term rebound here—we were a bit oversold last week.However,the market is very focused on the current economic conditions,not inflation.When uncertainty begins to increase,the first thing you want to do is reduce risk,especially since you've had a good performance this year."

Also of note,the televised debate between Democratic presidential candidate Harris and Republican presidential candidate Trump will take place on Tuesday—their first direct conversation before their November 5th presidential election showdown.On individual stocks,Nvidia rose by 3.4%,following a market value erosion of over $400 billion last week.Among other star tech stocks,Amazon increased by 2.3%,Microsoft by 1.0%,Meta by 0.9%,while Google fell by 1.6%.On Monday,local time,the U.S.Department of Justice's case against Google for illegally monopolizing the digital advertising industry will proceed to trial.

Boeing's stock climbed 3.4% after the aircraft manufacturer reached a preliminary agreement with its largest union,covering over 32,000 workers,thus averting a potential strike.

Palantir's shares surged by 14%,and Dell Technologies' by 3.8%,as both companies are set to join the S&P 500 Index on September 23rd.

International crude oil prices stabilized and rebounded,with the market keeping an eye on the trajectory of the tropical storm "Francine" in the Gulf of Mexico.The near-month contract for WTI crude oil rose by 1.54%,trading at $68.71 per barrel,while the near-month contract for Brent crude oil increased by 1.10%,at $71.84 per barrel.

The international gold price saw a slight increase,with the COMEX gold futures contract for delivery in September at the New York Commodity Exchange up by 0.33%,at $2,501.80 per ounce.

Apple Unveils New Products

Apple held its autumn product launch event on Monday,where CEO Tim Cook stated,"The next-generation iPhone is designed from the ground up for Apple Intelligence.It marks the beginning of an exciting new era." The beta version of Apple Intelligence is set to be released in the United States next month.It will be rolled out to English-speaking markets (Australia,Canada,New Zealand,South Africa,and the United Kingdom) in December,and will begin its deployment to China,France,Japan,and Spain next year.

The iPhone 16 will utilize the new A18 chip and feature customizable buttons for camera control.The starting price for the iPhone 16 is set at $799,while the iPhone 16 Plus will start at $899.Apple also introduced the iPhone 16 Pro and 16 Pro Max,equipped with the faster A18 Pro chip.The iPhone 16 Pro starts at $999,and the 16 Pro Max at $1,199.

The new Series 10 Watch is thinner than its predecessor,with a screen size increased by 30% compared to previous generations.It is powered by the S10 SIP chip and features sleep apnea detection,as well as the ability to detect and respond to emergencies such as falls.The starting price is $399.

The new AirPods 4 come with a fresh design,active noise cancellation,and are equipped with the H2 chip.The starting price is $129.However,Apple's stock price once dived nearly 2% during the trading session,and closed with a minimal increase of less than 0.1%.