Stocks Rise Before CPI as Spike in Oil Sinks Bonds: Markets Wrap

A rally in big tech drove stocks higher as trade tensions cooled ahead of a reading on consumer prices, with equity investors shrugging off concerns about any potential impacts of an oil spike on inflation. Bonds fell.

The S&P 500 approached its all-time highs as the White House said President Donald Trump will meet his Chinese counterpart Xi Jinping on Oct. 30. Tesla Inc. erased its post-earnings slide to lead gains in megacaps. Energy shares joined a surge in crude as the US announced sanctions on Russia’s biggest oil companies in a bid to end the war in Ukraine. ...