Rising oil and stubbornly high yields sent stocks down Tuesday for the fourth session in five as investors await today's CPI data. Headline CPI is seen at 0.1%, with core at 0.2%.

Stocks are modestly lower on light volume as markets appear to be on standby ahead of tomorrow’s monthly Consumer Price Index (CPI) report.

Though tomorrow's CPI data is the week's big report, several AI infrastructure firms share results later and eyes are on oil and Iran. There's little progress toward a resolution.

Grain markets are heading into one of the more closely watched USDA reports of the summer.

The old week ended with a new record for the S&P 500, helped by falling yields as rate hike odds dropped on a weak jobs report. Yields and oil, along with Iran, remain watchwords.

Tech and AI are driving a greater share of global equity market returns and earnings growth, raising concentration risks and the need for broader diversification.

With CPI and PCE on tap for this week, Schwab's Kevin Gordon focuses on the impact of inflation on small businesses in the U.S. in his look at the Week Ahead.

All the major stock indices, sans the Nasdaq, hit fresh all-time highs this week. A continued flow of strong earnings report, coupled with anticipation of an Iran ceasefire deal, helped fuel the move.