U.S. stocks started the new week with strong gains, as all major indices and sectors in the S&P 500 were in the green by midday in New York. This comes after Wall Street experienced its worst week of the year.

Investors kicked off Monday with renewed optimism, anticipating a boost from Apple Inc. (NASDAQ:AAPL)'s highly anticipated event and key inflation data for August, set to be released on Wednesday.

Economists are predicting a slowdown in the headline inflation rate from 2.9% in July to 2.6% year-over-year in August, potentially marking the lowest inflation level since March 2021. A lower inflation reading could reinforce market expectations for an aggressive rate-cut cycle from the Federal Reserve.

Airline stocks led the charge within industries, with the U.S. Global Jets ETF (NYSE:JETS) rising 2.6%, recovering from last month's losses.

In the semiconductor space, Palantir Technologies Inc. (NASDAQ:PLTR) surged 13%, logging its best one-day rally since February following news of the company's inclusion in the S&P 500 index.

Commodities also gained ground despite a 0.3% rise in the U.S. dollar. Oil prices climbed 1.6% amid production shutdowns in the Gulf of Mexico due to storm warnings. Gold edged up 0.2%, and silver rose 1.3%.

In the cryptocurrency market, Bitcoin (CRYPTO: BTC) jumped 2.8%, heading for its third consecutive session of gains.

Monday’s Performance In Major U.S. Indices, ETFs

According to Benzinga Pro data:

Monday’s Stock Movers

Read Now:

• Bank Of America Warns Energy Could Be ‘Cheap For A Reason,’ Highlights Utilities As Defensive Play

Photo: ImageFlow on Shutterstock