Stocks Rise as Oil Drop Eases Inflation Concerns – US Market Wrap

Stocks rose in the final stretch of a volatile week on Wall Street, as falling oil prices eased concerns about inflationary pressures ahead of next week’s Federal Reserve decision.

While money markets viewed a September Fed hike as almost certain following the latest consumer price index, equity buyers stepped in to end a four-day decline in the S&P 500. Longer-dated Treasuries outperformed, reinforcing bets that the central bank will act to combat inflation and strengthen its credibility. Brent crude retreated from a four-month high, helping improve overall sentiment.

A key measure of consumer prices showed little progress toward the Fed’s inflation goal, with persistent pressures stemming from the Iran war, tariffs and the data-center buildout.