U.S. stocks fell on Tuesday.

It was after the three-day weekend.

The S&P 500 went down 0.6%.

The Dow Jones Industrial Average lost 628 points.

That is 1.2%.

The Nasdaq composite went down 0.3%.

High oil prices caused the losses.

Brent crude hit $99.46 a barrel for a short time.

Then it settled at $97.92.

That is up 0.9%.

Prices went up from about $72 in early July.

Fighting in the Middle East stops the supply.

High oil prices make people worry about high inflation.

Two inflation reports come this week.

Thursday's report is about wholesale prices.

It is expected to go up to 5.4%.

It was 4.7% in July.

Friday's report is about consumer prices.

It is expected to go down to 3.3%.

It was 3.4% in July.

Both are above the Federal Reserve's 2% target.

These are the last reports before the Fed meets next week.

The Fed will talk about interest rates.

President Donald Trump wants lower rates.

Fed Chairman Kevin Warsh wants to give fewer clues about short-term plans.

Traders see almost a 60% chance.

The Fed will raise rates on Sept. 16.

The 10-year Treasury yield went up to 4.79%.

That is near its highest since autumn 2023.

Boston Scientific fell 5.9%.

A cybersecurity outage hurt its sales outlook.

Novartis shares went down 13.9%.

A therapy study update was discouraging.

Qualcomm went up 3.2%.

It announced an AI data center deal with Amazon.

Japan's Nikkei 225 sank 1.7%.

The yen got stronger.

Chinese indexes were mixed.

Exports jumped 25% in August.