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US equity indices moved higher as a sharp retreat in oil prices helped improve risk sentiment and offset mixed economic data. Tech, chip, industrial and healthcare stocks led gains, while energy shares came under pressure.

US equity benchmarks moved higher as a sharp retreat in oil prices improved risk sentiment and eased near-term pressure on energy-sensitive sectors. Traders also assessed mixed economic data, rising inflation expectations, and key technical resistance levels across the S&P 500, Nasdaq and Dow Jones.

Silver bounced after core PCE held steady, but the move lacked confirmation from the bond market and the US dollar. With headline inflation firm, income stronger and Jackson Hole ahead, traders are watching whether XAG can finally break its four session range.

Stock futures opened the week with a firmer tone as crude oil retreated, easing pressure on yields and giving technology buyers room to re-enter. The move now faces a heavy test from the FOMC decision and earnings from Amazon, Apple, Meta and Microsoft.