Market Highlights

A fresh bout of volatility gripped Wall Street in the last hour of trading, with stocks erasing gains that were earlier fueled by slower-than-anticipated inflation data. The S&P 500 saw its worst month since June. Short-dated Treasury yields barely budged while those on 30-year bonds remained at the highest since 2002. Money markets now see a less than a 40% chance of a Federal Reserve rate hike in October. The dollar wavered. Oil held near $100. In late hours, Micron Technology Inc. a gave solid outlook. US stock-index futures rose along with Asian technology shares as Micron Technology Inc.’s upbeat forecast lifted the sector. Treasuries held losses, while the dollar strengthened.