But the Dow Jones Industrial Average surged 359 points, a 0.7% lift, while the S&P 500 slid 0.1% and Nasdaq dipped 0.3%, reflecting a cautious sentiment amid mixed earnings buzz.
Oil prices retreated, with Brent falling below $105 a barrel after a 6% rally, as traders weigh a fresh wave of Houthi attacks on Saudi oil facilities—fueling fears that supply disruptions could tighten the market again.
US home sales ticked up 1.5% month‑over‑month to a seasonally adjusted 3.99 million units, according to the National Association of Realtors, but the year‑on‑year pace still lagged as mortgage rates and prices continue to pressure buyers.
The U.S. Bureau of Labor Statistics reported a 3.4% year‑on‑year rise in headline CPI and a 2.4% increase in core CPI, while real average hourly earnings slipped 0.1% month‑over‑month and 0.3% year‑on‑year, signaling muted wage growth.
India's Wholesale Price Index climbed to 9.92% in August from 9.78% in July, and investors are keeping a sharp eye on the earnings releases of firms like Bharat Heavy Electricals and ICICI Lombard on October 14, which could set sectorial trends for the next quarter.