S&P 500 Snaps 4-Day Decline as Oil Cools, Dell Jumps 11%: Stock Market Today
Equities rebounded Friday as crude retreated from $100, though hot CPI pushed Fed hike odds to 90%. Dell jumped 11%on Oracle's capex plan.
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Equities rebounded Friday as crude retreated from $100, though hot CPI pushed Fed hike odds to 90%. Dell jumped 11%on Oracle's capex plan.
Will the S&P 500 open higher? Polymarket odds balance bullish at 64% as Wall Street awaits crucial CPI data and monitors Red Sea escalations.
Crude jumped 6% and 30-year Treasury yields hit levels last seen in 2007 as a hot PPI print pushed Fed rate-hike odds toward 70% ahead of Friday's CPI.
Surging energy prices and rising yields stall market broadening, forcing a return to mega-cap tech and semiconductor dominance.
Leveraged funds are turning bearish on U.S. tech as Nasdaq-100 futures short positions surge above $75 billion, while long exposure falls to $18 billion.
88% Probability Of A Rate Hike Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The