Strong U.S. economic data raised hopes of the Federal Reserve rate hike pushing the dollar and Treasury yields higher, while fading major indexesâ€™ rally. Oil prices fell on profit taking and gold dropped. â€¢ U.S. consumer spending, inflation data keep rate hikes on table U.S. consumer spending rose solidly in January and underlying inflation
A sharp rebound in crude prices coupled with Appleâ€™s gain lifted indexes in choppy trading. Sterling plunged to a seven-year low against the dollar on concerns Britons might vote to leave the European Union in a June referendum. Gold rose, acting as counter against risk and Treasuries ended little changed.