Jitters hit stocks before Fed and earnings

Jitters hit stocks before Fed and earnings

Oil rebounded after major oil producers stood by their demand forecasts, but there are still downside risks due to surging COVID-19 cases in India, the world's third-biggest oil importer.

Analysts said some investors may be taking profits on equities, but sentiment remains positive due to rising coronavirus vaccination rates in many countries.

"There are two reasons to remain positive on equities and commodities," said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management Co in Tokyo.