Investors are turning their attention to U.S. inflation data due this week, with the readings expected to play a crucial role in determining whether the Federal Reserve raises interest rates at its September meeting.
The benchmark S&P 500 slipped on Friday but still ended the week with a modest gain, remaining about 1% below its record high reached in mid-August. Stocks have been buffeted by shifting expectations for monetary policy, while rising U.S. Treasury yields have raised concerns about the sustainability of Wall Street's rally.