SynopsisWall Street is closed Monday, September 7, for Labor Day, with trading resuming Tuesday. Investors face a crucial week as stronger August jobs data boosts expectations of tighter Fed policy. Attention will shift to upcoming CPI inflation data, oil prices, Treasury yields and geopolitical tensions, which could drive market volatility.Listen to this article in summarized formatETMarkets.comAlthough cash equity trading is closed on Monday, investors will continue to monitor futures and developments in global markets.Wall Street will be closed for one day on Monday, September 7, as the United States observes Labor Day, leaving investors with a shortened trading week and a packed economic calendar ahead. The New York Stock Exchange (NYSE) and Nasdaq will remain closed, while regular trading will resume on Tuesday, September 8. U.S. bond markets will also be shut for the holiday.The market holiday comes at a particularly important juncture for investors. U.S. equities ended last week under pressure after a stronger-than-expected August jobs report increased expectations that the Federal Reserve could keep monetary policy tighter for longer. According to Reuters, the Dow Jones Industrial Average fell 0.51% on Friday, the S&P 500 declined 0.38% and the Nasdaq Composite slipped 0.29%.Wall Street resumes trading on TuesdayAlthough cash equity trading is closed on Monday, investors will continue to monitor futures and developments in global markets. U.S. stock futures were relatively muted as Asian markets rallied, while rising oil prices and geopolitical tensions remained important risks for investors.Trading will resume at the normal 9:30 a.m. Eastern Time on Tuesday, bringing investors back into the market after the three-day weekend.For Indian investors, this means there will be no regular U.S. cash-market session on Monday night. The next full U.S. trading session will begin Tuesday evening India time.Strong jobs data puts Fed in focusThe Labor Day closure comes after a closely watched employment report changed expectations around the Federal Reserve's next policy move. The U.S. economy added 162,000 jobs in August, well above economists' expectations of 56,000, according to Reuters. The stronger labour-market reading increased bets that the Fed could raise interest rates at its September meeting.That creates a potentially difficult setup for high-valuation technology and growth stocks. Higher interest rates tend to increase discount rates applied to future corporate earnings, potentially putting pressure on richly valued equities.CPI becomes the next big market triggerInvestors will return from the Labor Day holiday with inflation firmly in focus. The August Consumer Price Index is due later this week and could play a major role in determining expectations for the Federal Reserve's September policy decision.The inflation report will be particularly important because markets are balancing a resilient labour market against renewed energy-price pressures. Brent crude recently moved close to $97 a barrel amid heightened tensions involving the U.S. and Iran, raising concerns that higher energy costs could complicate the inflation outlook.September volatility could test stocksThe holiday also arrives as investors enter a historically challenging period for U.S. equities. MarketWatch noted that September has traditionally been the weakest month for the S&P 500, although the index entered the month in relatively strong technical condition after gaining 2.6% in August.That makes the next few trading sessions especially important. Investors will be watching Treasury yields, oil prices, inflation data and Fed expectations for clues about whether the recent equity rally can continue.For now, U.S. stock markets are closed on Monday, September 7, for Labor Day, with trading set to resume Tuesday. The holiday may shorten the trading week, but the market agenda is anything but quiet, with inflation, interest rates, energy prices and geopolitical risks likely to drive the next major moves in Wall Street stocks.Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. 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