US stocks close lower as oil prices jump, indexes notch monthly gains
US stocks declined on Monday as oil prices surged.
This jump revived inflation concerns and increased monetary policy tightening expectations.
Investors processed hawkish comments from Federal Reserve Chair Kevin Warsh.
Despite the day's losses, major indexes posted monthly gains for August.
Financial markets anticipate a potential rate hike at September's meeting.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
