S&P 500 Hits Record High as Rate Hike Concerns Ease
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$225.34 +0.56%
View chart & analysis → - 1The S&P 500 set an all-time high on Thursday, fueled by gains in heavyweight tech stocks including Sandisk.
- 2Sandisk and Micron surged 16% and 6.7%, respectively, lifting the S&P 500 up 0.56% to 7,791.70.
- 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.
This 3-line summary is compiled from the report below.
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