Stocks Soar on Tech Surge Ahead of Inflation Test

U.S. stocks are pushing back to record territory due to a technology-led surge, leading investors into a crucial week of inflation and consumer data releases.

The S&P 500 has gained 5.75% over four sessions, with the next major test being Wednesday's U.S. CPI report, which is expected to show July inflation at 3.4%

Markets are pricing in a nearly 60% chance of a September Fed rate hike, dependent on CPI, PPI, and retail sales data due this week.