S&P 500 Eyes Records, Fed Hike Odds Near 51% Before CPI: Stock Market Today
Crude rebounds and small caps outperform while megacap tech drags the Nasdaq lower, as traders brace for Wednesday's U.S. inflation print and even odds of a Fed hike.
The stock market is waiting to see if prices are going up too fast, which might make the Fed raise interest rates (the cost to borrow money). Different parts of the market are moving in different directions while everyone watches for this big news.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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