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,
On the sectoral front, the Nifty PSU Bank index underperformed, shedding 1.18 percent, followed by losses in the Nifty Metal and Nifty Bank indices, which declined 0.96 percent and 1.17 percent, respectively.
Global stocks rose while the dollar weakened as U.S.-China trade discussions commenced in London. Markets remained optimistic despite restricted rare earth exports. Wall Street saw mixed results; small-cap stocks performed well.
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