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US stocks hit new highs amid steady oil and falling yields
U.S. stocks fluctuated and reached record levels supported by stable oil prices and declining Treasury bond yields, which reduced inflation concerns and opened the way for the third-quarter earnings season. Data showed a 4.4% increase in imports of capital goods in August, along with a 13.7% deterioration in the trade deficit. The market expects the Federal Reserve not to cut interest rates at the upcoming meeting, amid the impact of rising oil prices on inflation and domestic demand. Major companies are preparing to announce their results during the week, with earnings for the S&P 500 expected to grow by 30.6% in the third quarter, led by strong performance in the energy and technology sectors.
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