Wall St Week Ahead: Inflation data to test stocks

Investors will be watching to see if Trump's tariffs on imports are translating into higher prices after the June CPI report suggested levies were impacting the prices of some goods. — Reuters

NEW YORK: A fresh look at inflation trends will test the US stock market's rally in the coming week, with some investors saying equities are primed for a potential pullback after rocketing to records.

The benchmark S&P 500 was last up more than 7% on the year and within about 1% of its all-time closing high set in late July, as stocks largely rebounded from declines following a weak employment report earlier this month.