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S&P 500 Turns Lower in Final 30 Minutes of Trading: Markets Wrap

(Bloomberg) — Stocks wiped out gains in the final 30 minutes of Wall Street trading, with investors rebalancing their portfolios after a rally thatโ€™s already topped $4 trillion this year. Equities finished lower for a third straight day, following a buying frenzy that saw the S&P 500 climb almost 10% in just three months. With…
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Asian markets mixed as key US inflation data looms

Asian markets were mixed on Monday as investors set their sights on the release of key US inflation data due at the end of the week. Eyes are now on the release of the personal consumption expenditures (PCE) index, the Fed's preferred gauge of inflation, with traders hoping for a reading that shows price gains slowing further.
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