Dow snaps losing streak | Democrats propose tax hikes | What will Apple unveil Tuesday?
EDITOR'S NOTE
The Dow Jones Industrial Average and the S&P 500 closed higher Monday to each snap a five-day losing streak, while the Nasdaq Composite notched its fourth consecutive losing day.
While it was a positive start to the week, the S&P 500 closed off its high of the day, which came after shortly after the open.
CNBC's Jim Cramer warned investors that positive stock market openings could give way to a decline, particularly in September, a historically tough month.
"I'm concerned that we have another positive opening, and people come in and buy and then they get hurt. So I really caution people to come in," Cramer said on "Squawk Box" Monday morning.
Cramer has been highlighting the seasonal weakness that hits the markets mid-September historically and believes investors may be trying to get ahead of this:  Market participants are eagerly awaiting the release of the August consumer price index on Tuesday, a key inflation reading tracked by the Federal Reserve. Economists surveyed by FactSet are expecting the reading to show that consumer prices jumped 5.3% on an annual pace in August. Retail sales data will be released later in the week.
Inflation fears have loomed large over the stock market with rising prices sparked by a supply-and-demand mismatch as the economy recovers from the pandemic.
Nike, one of the world's biggest consumer brands, saw its stock fall Monday after BTIG downgraded the stock, citing supply chain issues.
"Supply bottlenecks, inventory shortages, higher commodity prices, and higher shipping rates have all contributed to higher input costs," noted Charlie Ripley, senior investment strategist for Allianz Investment Management. TOP NEWS
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