Investors will closely monitor a key U.S. labor market report this week as concerns grow that persistent inflation and the possibility of higher interest rates could threaten the strong rally in U.S. equities, Reuters reported.
Wall Street's major indexes continued their upward momentum last week, with the S&P 500 extending its winning streak to nine consecutive weeks. The benchmark index has gained more than 10% so far this year, while the Nasdaq Composite has surged about 16%, driven largely by renewed enthusiasm for artificial intelligence-linked technology stocks.
