U.S. business inventories were unchanged in March as sales increased by the most in more than two years, which could ease concerns of a broad build-up in inventories in the economy.
Even amid substantial bouts of market tumult, Minneapolis Fed President Neel Kashkari sees the U.S. as holding the upper hand in its trade showdown with China.
U.S. consumer prices rose moderately in April and underlying inflation remained muted, supporting the Federal Reserve's projection of no further interest rates increases this year.
U.S. job openings rebounded sharply in March, while the pace of hiring was little changed, pointing to a growing worker shortage that could slow employment growth this year.
Berkshire Hathaway Chairman and CEO Warren Buffett said Monday stocks are a huge bargain if interest rates remain at their low levels.
The U.S. military is deploying the USS Abraham Lincoln Carrier Strike Group and a bomber task force to the Central Command region in the Middle East to send a "clear and unmistakable message" to Iran, national security adviser John Bolton said in a statement Sunday.
President Donald Trump on Sunday revived a threat to impose a 25 percent tariff on essentially all Chinese goods in order to prod Beijing into moving more quickly to reach a trade deal.
U.S. stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April coupled with muted wage gains left investors upbeat about the outlook for the economy and interest rates.
U.S. worker productivity increased at its fastest pace in more than four years in the first quarter, depressing labor costs and suggesting inflation could remain benign for a while.