Stock Market: Will S&P 500 Open Up or Down Today?
Will S&P 500 open higher? Polymarket odds hit 65% as Wall Street digests Fed independence debates, crypto sanctions, and cooling oil prices.
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Will S&P 500 open higher? Polymarket odds hit 65% as Wall Street digests Fed independence debates, crypto sanctions, and cooling oil prices.
Wall Street snapped a two-day losing streak Thursday as oil retreated from its geopolitical spike and the 10-year Treasury yield slipped back below 5%. Chipmakers led the rebound, with Intel, AMD and Micron all posting outsized gains, while gold climbed 2.5% to $4,369 an ounce. The bounce came one day after the Federal Reserve delivered its first interest rate hike since 2023 and signaled at least one more this year.
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iShares Russell 2000 ETF is falling Wednesday, leading small-cap declines after a hawkish Fed rate decision and press conference.
The Dow fell more than 1% and gold swung nearly three points as the new Fed chair reiterated fight against inflation.
Ten-year Treasury yields near 5% could pressure growth-heavy QQQ, putting value ETFs in focus as rate risks rise.