Altrice Investment Co. Limited

U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories.

The Trump administration's announcement of a partial trade deal with China will set the stage for the coming week, as investors digest the details — and a raft of economic and earnings releases that will gauge the health of the economy.

There are no notable economic releases or corporate earnings results scheduled for Friday.

The Producer Price Index reading for August will be in focus Wednesday. PPI data is often looked to as a gauge of U.S. producer prices. Core producer prices are expected to have risen 0.2% from July and 2.2% from last year, according to economists.

Global stocks were hit by U.S.-China trade frictions on Tuesday while the British pound flirted with 2 1/2-year lows as Prime Minister Boris Johnson indicated he could call an election to stymie lawmakers' efforts to avert a no-deal Brexit.

Stocks were put to the test again Monday, following a roller coaster ride last week. The Dow fell 391 points during Monday's session, and the benchmark 10-year Treasury yield fell to 1.63%, its lowest level since 2016.

The Federal Open Market Committee (FOMC) will deliver its policy decision at 2 p.m. Wednesday, and many are expecting the central bank to cut short-term interest rates for the first time in over a decade, even as recent data pointed to a strong U.S

Embattled industrial giant Boeing takes center stage Wednesday morning, while social media company Facebook and electric automaker Tesla grab investors' attention after the closing bell.

Social media giant Facebook heads to Capitol Hill on Tuesday and will face lawmakers for two days of testimony. This time, not for its misinformation woes or data privacy concerns, but for its bold new cryptocurrency ambitions.

Asian shares inched ahead on Wednesday while higher Treasury yields lifted the dollar as markets wondered if the world's most powerful central banker would confirm or confound expectations for U.S. policy easing this month.