U.S. stocks closed higher on Monday, ahead of the much-awaited inflation data for August.
Markets are expecting data to show easing in US inflation. Analysts expect annual inflation falling to an 8.1% rate in August, compared to 8.5% in July. Core CPI, however, might show an increase of 6.1% compared to 5.9% in July.
Oracle Corp (NYSE: ORCL) shares were volatile in Monday's after-hours session after the company reported worse-than-expected financial results. The company provided positive commentary on revenue growth expectations for the coming quarters.