Benchmark indexes turned lower after advancing for four days in a row after Treasury yields rebounded and crude oil drifted higher in volatile trading.
The annual consumer price inflation held steady and annual core inflation dropped to a two-year low in September, after softer decline in energy prices offset weakening inflationary pressures in goods and services.
Benchmark indexes closed higher for the fourth day in a row after Treasury yields edged lower from 16-year highs. Investors are looking ahead to the release of the consumer price index on Thursday.
Stocks on Wall Street attempted a rebound for the third day this week after Treasury yields edged down. Wholesale inflation edged lower in September from the previous month but accelerated from a year ago for the third month in a row.
Tech stocks led gainers for the second time this week after yields on U.S. Treasury notes eased. Natural gas prices in Europe soared for the second day in a row on supply worries.
Stocks extended gains for the second day in a row after bond yields edged lower and crude oil prices eased. Investors also looked ahead to the release of earnings from banks and airlines later in the week as earnings releases gather momentum.
Rising geopolitical tensions led to a surge in crude oil prices and caution prevailed in stock trading. Energy and defense stocks advanced but airlines and cruise lines led the decliners.
Investors looked ahead to Friday's jobs reports that could impact the direction of interest in the days ahead. Crude oil extended weekly losses and Treasury yields hovered near 16-year highs.
With all eyes on nonfarm payrolls data release on Friday, investors avoided taking larger positions. Crude oil prices are on track to report the largest weekly loss since mid-March.
Stocks rebounded after two weeks of selloff in tech stocks following a slight decline in U.S. Treasury yields. Crude oil prices plunged as much as 5% on demand growth worries.
Stocks edged higher after 30-year Treasury yields turned lower after briefly crossing 5%. Tech stocks rebounded following a decline in interest rates and bank stocks were in focus ahead of earnings season.
U.S. Treasury bond selloff spread to a longer dated maturities adding more downward pressure on tech stocks and broader market averages. The yield on 10-year rose to a 16-year high as investors adjust to higher-for-longer interest rate stance.
