Stocks tread water as traders look to BOE decision: Markets Wrap

Stocks showed minimal movement as investors awaited the Bank of England's interest rate decision and U.S. jobless claims data. The global market response was tepid, with slight declines in major indices and bond yields. Additionally, specific U.S. tech stocks faced challenges, including Intel and Arm Holdings, amid regulatory and economic pressures.

Investors are also gearing up for upcoming inflation data to gauge the U.S. economic condition, while global markets reacted to promising trade data from China. Commodity prices, including oil and gold, saw increases, influenced by strategic moves from the Biden administration and market trends.