BUSINESSWPLG LOCAL 10 MIAMI
Oil prices settle, Wall Street inches higher ahead of new inflation numbers due this week
Wall Street futures showed mixed movements, with Nasdaq rising 0.3% while the Dow Jones Industrial Average nudged down 0.1%. Oil prices remained volatile due to lingering uncertainty about the Strait of Hormuz; meanwhile, major oil companies' shares were near unchanged after recent large gains. The market is focused on Wednesday’s expected update on U.S. inflation in July, which may influence Federal Reserve interest rate decisions and general economic borrowing costs.
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Adjacent reporting
- Wall Street points to modest gains in a rebound from last week as oil prices slip
- Oil prices hold steady after jumping 5%, while Asian shares are mixed
- Wall Street calms, and stocks hold steadier after US inflation data comes in less bad than expected
- World shares are mixed after Wall Street gains, while oil prices bounce higher
- Oil prices rise another 3%, while Wall Street drifts in mixed trading