Global Markets Brace for Key Inflation Data Amid Mixed Economic Signals

U.S. stocks struggled to maintain gains, and crude prices dipped ahead of key inflation data expected on Wednesday. The market is cautious due to concerns over global demand and the upcoming CPI report. The debate between Kamala Harris and Donald Trump, and new banking regulations added to the market's volatility.

U.S. stocks experienced difficulty in extending their gains, while crude prices dipped amid concerns over softening global demand. This sentiment kept risk appetite in check as market participants awaited key inflation data expected on Wednesday.

Anticipation of the Labor Department's consumer price index (CPI) report and the debate between Vice President Kamala Harris and former President Donald Trump added to the market's volatility. Tech stocks lifted the Nasdaq, while the S&P 500 saw modest gains, and the Dow Jones remained in the red.

Investor focus remains on the Federal Reserve and upcoming economic reports, with expectations of a rate cut looming, reflecting Fed Chair Jerome Powell's stance on inflation. Meanwhile, oil prices declined due to concerns over global demand, and gold firmed above the $2,500 level as investors positioned themselves ahead of the CPI report.

(With inputs from agencies.)