Asia Markets Advance, Europe Mixed; Crude Oil Drops As Dollar Strengthens - Global Markets Today While US Slept

On Monday, September 9th, U.S. markets closed higher after investors sought bargains after the previous week’s sell-off. Optimism returned after an overreaction to weak economic data, with investors awaiting key inflation reports and the Federal Reserve’s upcoming interest rate decision.

In economic data, U.S. wholesale inventories rose by 0.2% month-over-month in July, reaching $903.5 billion, slightly below the initial estimate of a 0.3% increase. This follows a revised flat reading for the previous month.

All eleven S&P 500 sectors finished the day in positive territory, with consumer discretionary leading the gains, followed closely by industrials and information technology.

The Dow Jones Industrial Average was up 1.20% ...