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US benchmark equity indexes fell Monday as markets assessed an inflation survey and awaited official

Oracle reported fiscal second-quarter revenue that missed analysts' expectations, sending shares lower in extended trading Monday.

(Reuters) -Wall Street's main indexes closed lower on Monday, driven by a drop in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set for later this week. Nvidia fell 2.5% after China's market regulator launched an investigation into the chipmaker over suspected violation of antimonopoly law, dragging the information technology sector down 0.45%. Advanced Micro Devices slipped 5.7% after BofA Global Research downgraded its rating on the stock, weighing on the Philadelphia Semiconductor Index, which slipped 0.87%.

(Bloomberg) -- Chinese stocks that are listed in the US staged a sharp rally Monday as top leaders in Beijing used their most direct language yet on providing monetary easing and boosting domestic consumption.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCloud Computing Tax Threatens Chicago’s Silicon Valley AmbitionsNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas C

(Bloomberg) -- Stocks retreated after a rally that put the market on pace for its best year since 2019, with traders awaiting key inflation data that will help shape the outlook for Federal Reserve rates.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCloud Computing Tax Threatens Chicago’s Silicon Valley AmbitionsNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City L

Reddit shares climbed to a record high Monday after analysts from Morgan Stanley upgraded the social media stock, citing the company's "multiple levers" for potential growth heading into 2025.

Fuelmakers in California could face more headwinds next year as new legislation takes effect and refining margins remain weak, the U.S. Energy Information Administration (EIA) said on Monday. California, the most populous U.S. state, consistently faces some of the nation's highest average gasoline prices, leading to an often tense relationship between the state and oil companies. However, imported fuels are likely to become a more important source of supply for California as refineries in the state struggle with profitability, the EIA said in an analysis on Monday.