Stocks Stumble on Inflation Worries; Oil Slides Further; Birkenstock Set for IPO Debut

US stocks lost momentum after hotter than expected wholesale inflation data and Fed meeting minutes showing further rate hikes this year.

Oil prices continued sliding as Middle East supply concerns ease; crude oil futures dropped below $84.

Birkenstock to debut on NYSE Wednesday after pricing IPO at $46 per share, valuing company at $8.64 billion.

Small caps lagging stock rally due to more debt coming due sooner than large caps, posing earnings risk from higher rates.

Corporate earnings expected to return to growth in Q3 after 6% decline in Q2, though estimates remain muted.