European equities may have support from global growth, improving fundamentals, lower relative valuations, and fiscal spending—plus diversification from the AI cycle.

Last Friday's 0.3% monthly core CPI growth for August raised chances of a Fed rate hike Wednesday. Data is thin, so oil and a possible test of 5% for the 10-year note could be key.

The tech sector dove early after AI leaders spoke of the need to slow down technology following dire warnings. Oil jumped as Gulf tensions intensified and talks got postponed.

Crude oil futures (/CL) finished lower Friday but still posted a strong weekly gain, leaving the October contract near the $100-per-barrel level.

With little other macroeconomic data on the horizon this week, the FOMC will take center stage. Schwab's Kevin Gordon examines past hike cycles in his look at the Week Ahead.

Stocks remained range-bound, but underlying market volatility, sector rotation, rising oil prices, Treasury yields, and positioning ahead of next week's FOMC meeting kept the outlook cautious as equities tested key support levels.

Housing market expert Ivy Zelman explains why long-term demographic trends could have far-reaching implications for growth and housing demand.

Liz Ann Sonders shares her perspective on the U.S. stock market and economy in this monthly Market Snapshot video.

August PPI is due at 8:30 a.m ET and precedes CPI Friday. Both have Fed rate implications. Stocks fell early this week on rising oil and yields. Oracle and Adobe report later.