Stocks traded lower on Wall Street and crude oil prices advanced to a new 10-month high. Investors are awaiting the consumer and wholesale price reports over the next two days.
Financial markets rebounded in New York and in Europe and investors searched for tech bargains and set aside worries related to interest rate uncertainties.
Tech stocks led the rebound of popular market indexes on Monday after investors searched for bargains. Crude oil advanced to a new 10-month high and the dollar index traded near its eight-week high.
Market indexes advanced on Friday but are set to close down for the week after volatile trading amid growing worries of a rebound in inflation and uncertainty related to the Federal Reserve's interest rate policy.
Stocks faced renewed selling pressure on Wall Street after the latest jobless claims report sparked the worries of another rate hike at the next policy meeting.
U.S. market indexes traded down and tech stocks led the decliners after a private survey showed the acceleration of price pressures in the service sector.
U.S. stocks turned lower and Treasury yields edged higher after crude oil jumped 1% to a 10-month high after Saudi Arabia extended its voluntary production cut to the end of the year.
Market indexes rested near flatline after a three-weekend as investors debated U.S. rate path and labor market conditions and global economic growth trajectory.
Stocks extended gains for the fifth day in a row and market averages trimmed losses after volatile trading in August. Energy and tech stocks were in focus after crude oil prices edged up 2% and Treasury yields shot up.
Market averages advanced for the fifth session in a row as tech continued to lead gainers. An alternative measure of inflation preferred by the Federal Reserve which understates inflation stayed stubbornly high in July.
European markets trimmed losses in August on the final day of trading this month and investors overlooked stubborn inflation data. The Euro Area inflation held steady in August but core inflation eased.
Popular averages advanced and Treasury yields edged lower after investors reacted to second quarter economic growth rate revision and weak private sector jobs report.
