US stocks edge further from their records as oil prices keep swinging
- U.S. stocks declined further from their record highs, with the S&P 500 falling 0.3%.
- The Dow Jones Industrial Average dropped 184 points, or 0.3%, while the Nasdaq composite fell 0.6%.
- Oil prices experienced volatility, with Brent crude briefly exceeding $90 before settling at $88.91, up 1.4% from Monday.
- Higher oil prices have contributed to rising inflation, pushing the average cost of regular gasoline to $4.01 per gallon.
- Traders are uncertain about the Federal Reserve's next interest rate decision, with expectations of a possible increase in September.
U.S. stocks slipped a bit further from their records on Tuesday, while oil prices kept swinging amid uncertainty about when the war with Iran will allow crude to flow freely again. The S&P 500 fell 0.3% for a second modest drop since setting its all-time high on Friday. The Dow Jones Industrial Average dipped 184 points, or 0.3%, and the Nasdaq composite sank 0.6%.
In the oil market, the price for a barrel of Brent crude briefly jumped above $90 in the morning before falling back below $87, eventually settling at $88.91, up 1.4% from Monday. Higher oil prices have made inflation worse, pushing the average cost for a gallon of regular gasoline to $4.01, according to AAA.
Wall Street is focused on the upcoming release of the latest monthly reading on inflation, expected to show inflation remains high but has decelerated to 3.4% in July from 3.5% in June. Traders are betting on a coin flip’s chance that the Federal Reserve will raise its main interest rate at its next meeting in September, which would be the first increase in more than three years.
美国股市进一步远离纪录高点，油价波动不定
美国股市周二进一步下滑，远离纪录高点，而油价因对伊朗战争何时允许原油自由流动的不确定性而波动。标准普尔500指数下跌0.3%，这是自上周五创下历史新高以来的第二次小幅下跌。道琼斯工业平均指数下跌184点，或0.3%，纳斯达克综合指数下跌0.6%。
在油市，布伦特原油价格一度在早盘超过90美元，随后回落至87美元以下，最终收于88.91美元，比周一上涨1.4%。油价上涨加剧了通货膨胀，使得普通汽油的平均价格达到每加仑4.01美元，AAA报告称。
华尔街关注即将发布的最新月度通胀数据，预计显示通胀仍然高企，但从6月的3.5%降至7月的3.4%。交易员们认为，美联储在九月的下一次会议上加息的可能性如同抛硬币一般，这将是三年来的首次加息。