Stocks regained some momentum today as fresh economic data suggested inflation remains well under control, but volatile oil prices gave investors some pause late in the session.

The bears returned to Wall Street today, sending stocks lower as oil prices rose, a downbeat outlook from Cisco Systems weighed on technology shares and investors started having second thoughts about this week’s interest rate hike.

Oversold tech shares led Wall Street higher today as investors brushed off high oil prices and brokerage downgrades of General Motors and focused on strong earnings.

OPEC will probably increase output by 1.8% this month, in part because Saudi Arabia is pumping more in a bid to lower record prices, figures from PetroLogistics Ltd showed.

Shares in Manchester United closed at a three-year high today after a German bank confirmed it had bought a stake in the Premier League champions.