Stocks Fall, Oil Prices Surge
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Investors are waiting for a series of readings on U.S. price pressures, and two important auctions of Treasury debt.
U.S. stocks rose as Oracle's upbeat AI-fueled forecast lifted investor sentiment, countering Middle East tensions and Boeing's losses after a crash. Oracle's shares surged by 14%, boosting the tech sector.
The S&P 500 may have reclaimed the 6,000 level last week, but a surge in flows to cash markets offers an "early sign" investor positioning is growing more defensive, Bob Savage, head of markets macro strategy at BNY,