Wall Street stocks ended lower as Oracle shares tumbled more than 13 per cent after a weak forecast and surging oil prices deepened worries about persistent price pressures ahead of crucial inflation readings this week. Oil prices jumped more than one per cent , building on a recent rally and stoking worries that sticky inflation could mean U.S. interest rates stay higher longer in the aftermath of strong economic data.

The tech-heavy Nasdaq Composite index fell one percent, the S&P 500 lost 0.5 per cent and the Dow was down 0.08 per cent.