U.S. Treasury yields advanced ahead of the Fed's rate decision on Wednesday and higher crude oil prices stoked fears of a rebound in inflation. Bond yields advanced in the Euro Area on hawkish statements from policymakers.
Market indexes on Wall Street lacked direction after crude oil jumped to a new ten-month high and short term Treasury yields advanced ahead of the interest rate decision on Wednesday.
Market indexes traded down on Friday but are set to close higher following the decline in the previous week. Automakers were in focus after workers decided to strike at three key assembly plants in Ohio and Michigan. Energy stocks advanced after crude oil jumped for the third week in a row.
UK chip design company Arm raised nearly $5 billion in an initial public offering indicating healthy interest from investors. Market indexes advanced after retail sales showed resilient consumer spending.
Popular averages advanced after falling for three days in a row. Retail sales unadjusted for price advanced indicating resilient consumer spending. Wholesale inflation accelerated in August.
The European Central Bank lifted its main refinancing rate to a 22-year high and deposit rate to a record high and said inflation is expected to remain too high for too long.
Investors shook off overall inflation acceleration in August and the familiar list of mega tech stocks advanced. Crude oil jumped to a new 10-month high and elevated mortgage rate kept housing transactions subdued.
Market indexes lacked direction after overall inflation accelerated in August and core inflation edged lower from a year ago. Crude oil prices continued to advance on supply worries and fueled expectations of higher inflation in September.
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.
