The Standard & Poor's 500 major equity index climbed on Tuesday, reaching an intraday peak of $4,382.92 before settling back slightly into $4,358.24,
US equities saw mild lift on Tuesday, with broader indexes rising across the board. Investors are leaning into expectations of no more rate hikes from the Fed. With US inflation figures due later this week, investors will get the chance to readjust their expectations. The Standard & Poor's 500 major equity index climbed on Tuesday, reaching an intraday peak of $4,382.92 before settling back slightly into $4,357, gaining 22.58 points, or 0.52%.
Fed officials cool inflation expectations, but warn that policy room remains Fed's Bostic: We don't need to increase rates any more NY Fed's Perli: No sign yet Fed needs to change balance sheet plans Fed's Kashkari: We may have to raises rates further if the economy stays too strong The weekend's geopolitical escalation of the long-running Israel-Hamas conflict saw concerns about stability in the Middle East on the rise, but equities have absorbed the escalation, and...
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