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US inflation expectations fall in October, NY Fed says

US stocks closed lower on Monday, with investors set to turn their attention inflation data on Tuesday and its potential to influence future interest rate decisions by the Federal Reserve.

The benchmark S&P 500 finished with 0.1 per cent lower in a choppy trading session. The tech heavy Nasdaq Composite slipped 0.2 per cent.

Oil prices rose for the third straight session, with international benchmark Brent crude settling 1.3 per cent higher to $82.52 a barrel, and US marker West Texas Intermediate rising 1.4 per cent to $78.26. Meanwhile, US diesel futures rose 3.6 per cent for their largest daily rise in a month.

In currencies, the greenback fell 0.2 per cent as the pound, euro, and Canadian dollar strengthened.

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