U.S. equities were higher amid eased trade concerns, with the U.S. looking to engage in another round of talks with China, as well as a second dose of cooler-than-expected inflation data that appeared to calm some Fed jitters. Technology stocks recovered from some resurfaced scrutiny of the space to lead the way, while Treasury yields were nearly flat and the U.S. dollar extended a drop following the inflation report, a decline in jobless claims, and after unchanged monetary policy decisions from the European Central Bank and Bank of England. Gold and crude oil prices were lower.

The Dow Jones Industrial Average (DJIA) rose 147 points (0.6%) to 26,146, the S&P 500 Index was 15 points (0.5%) higher at 2,904, and the Nasdaq Composite increased 59 points (0.8%) to 8,014. In moderate volume, 756 million shares were traded on the NYSE and 2.3 billion shares changed hands on the Nasdaq. WTI crude oil fell $1.78 to $68.59 per barrel and wholesale gasoline lost $0.04 to $1.99 per gallon. Elsewhere, the Bloomberg gold spot price moved $4.68 lower to $1,201.56 per ounce, and the Dollar Index—a comparison of the U.S. dollar to six major world currencies—was down 0.3% to 94.56.

The Consumer Price Index (CPI) rose 0.2% month-over-month (m/m) in August, below the Bloomberg estimate of a 0.3% gain, and matching July’s unrevised increase. The core rate, which strips out food and energy, ticked 0.1% higher m/m, below expectations to match July’s unadjusted 0.2% gain. Y/Y, prices were 2.7% higher for the headline rate, south of forecasts of a 2.8% rise and July’s unrevised 2.9% increase. The core rate was up 2.2% y/y, below projections to match July’s unadjusted 2.4% increase. Energy and shelter prices rose, along with airline fares and used auto prices, but apparel weighed on the index after posting the largest decline in about seven decades, per Bloomberg. Prices for medical care, communication, recreation and personal care also declined. The report follows yesterday’s wholesale price inflation data that dipped for the first time in eight months.

Weekly initial jobless claims dipped by 1,000 to 204,000, versus estimates calling for a rise to 210,000, with the prior week’s figure being revised higher by 2,000 to 205,000. The four-week moving average declined by 2,000 to 208,000, while continuing claims fell by 15,000 to 1,696,000, south of estimates of 1,710,000.

Treasuries were little changed, as the yield on the 2-year note and the 30-year bond were flat at 2.76% and 3.11%, respectively, while the yield on the 10-year note ticked 1 basis point higher to 2.97%. The U.S. dollar reversed lower, as the inflation data appeared to keep accelerated Fed rate hike jitters in check.

Also, the markets continued to grapple with festering global trade uncertainties, though reports yesterday suggested the U.S. is seeking another round of talks with China, as well as a host of global monetary policy decisions. The European Central Bank and Bank of England left their stances unchanged, while Turkey’s central bank hiked its benchmark rate by 625 bps to 24.00%. The moves come as the Fed is highly-expected to raise rates later this month, bolstered by last week’s stronger-than-expected August nonfarm payroll report that showed wage growth topped estimates, but a December move remains a source of uncertainty, exacerbated by today’s inflation data.

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