Wednesday, 13 September 2023: US equity markets declined and oil prices hit fresh 2023 highs

US equity markets declined and oil prices hit fresh 2023 highs ahead of the release of the latest monthly inflation figures tonight AEST - Dow dipped -18points or -0.05%, The broader S&P500 eased -0.57%, with Information Technology (down -1.75%) and Communication Services (-1.06%) falling over >1% to lead eight of the eleven primary sectors lower. Energy (up +2.31%) was the clear outperformer overnight. Oracle Corp tumbled -13.50% to be the worst performing S&P500 component after the business software giant posted weaker-than-expected second quarter earnings and revenue guidance after the close of the previous session.