U.S. stocks edge further from their record after oil prices rise - Pittsburgh Post-Gazette

U.S. stock indexes retreated from record highs as rising oil prices and Treasury yields pressured markets, with the S&P 500, Dow, and Nasdaq all declining despite earlier gains fueled by softer inflation data. Producer and consumer price readings in July came in below forecasts, reinforcing expectations that the Federal Reserve will hold interest rates steady at its next meeting. Asian markets followed Wall Street's initial strength higher Friday, though broader U.S. equities faced headwinds from surging crude prices and weakness in technology stocks.