04:14 PM EDT, 08/11/2025 (MT Newswires) -- US benchmark equity indexes were lower on Monday as investors assessed geopolitical risks and awaited key US inflation data this week.

* The US dollar rose ahead of planned talks between Presidents Vladimir Putin and Donald Trump, set for Friday in Alaska without participation from Ukraine or European nations, NBC reported Saturday, citing a senior US official and other sources. The White House may invite Ukrainian President Volodymyr Zelenskyy to Alaska for a meeting next week. Meanwhile, the UK, France, Germany, Italy, and the European Union reaffirmed in a joint statement that international borders must not be altered by force, CNN reported.

* Inflation data this week includes the consumer price index due Tuesday and the producer price index on Thursday. Economists expect July's CPI to rise 2.8% year-over-year, up from 2.7% in June, while the monthly rate is seen slipping to 0.2% from 0.3%. Core CPI is projected to increase both month-over-month and annually. The combination of softer payroll figures and tariff-related inflation risks could trigger a market correction in the typically weak Q3, according to The Star, citing a Morgan Stanley note.

* September West Texas Intermediate crude oil rose $0.23 to settle at $64.11 per barrel, while October Brent crude, the global benchmark, was last seen up $0.19 to $66.78.

* E.l.f. Beauty (ELF) shares rose nearly 10% after Morgan Stanley upgraded the stock to overweight from equal weight and increased its price target to $134 from $114.

* Wheaton Precious Metals ( WPM ) shares fell 3.3% after UBS cut its rating to neutral from buy and raised its price target to $106 from $100.