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Stock market today: S&P 500 closes higher ahead of fresh inflation data

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Stock market today: S&P 500 closes higher ahead of fresh inflation data

Investing.com -- The S&P 500 closed higher Wednesday as investors continued to digest clues on interest rates from the Federal Reserve, a day ahead of fresh inflation data and Tesla robotaxi event.

Strong payrolls data released last week sparked doubts over just how much impetus the Fed has to keep cutting rates at a fast pace. Traders were seen pricing in an 81.1% chance for a 25 basis point reduction in November, and an 18.9% chance rates will remain unchanged, according to The DOJ is"considering behavioral and structural remedies" that would prevent Google from using products like its web browser, app store or operating system to advantage its search business over its competitors, according to a federal court filing on Tuesday.

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