S&P 500 Hits Record High as Rate Hike Concerns Ease

SPY +0.55% NVDA +0.14% AAPL +0.22% SPCX +0.49% MU -1.73% 8 more

1. 1The S&P 500 set an all-time high on Thursday, fueled by gains in heavyweight tech stocks including Sandisk.
2. 2Sandisk and Micron surged 16% and 6.7%, respectively, lifting the S&P 500 up 0.56% to 7,791.70.
3. 3A tame producer price index reading bolstered expectations that the Fed will skip a September rate hike, with the market pricing in a 63% probability of a hold.

Source Reuters +6 · View original ↗

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