Stock market today: Dow, S&P 500 jump to fresh records as key CPI report looms

US stocks popped on Wednesday, as two major indexes clinched fresh records. Wall Street weighed the risk of a Google breakup while dissecting the minutes from the latest Federal Reserve meeting and bracing for the latest report on consumer inflation. The Nasdaq Composite rose 0.6%. The S&P 500 popped about about 0.7%, and the Dow Jones Industrial Average added more than 1%, or nearly 450 points.

On Wednesday, minutes from the Fed's September meeting showed that a "substantial majority" of officials supported the half a percentage point interest rate cut. But "some participants" supported a 25 basis point interest rate cut. Following the minutes, markets are pricing in a 24% chance the Fed doesn't cut rates at its November meeting. That's up significantly from just a day ago — and up from a 0% chance seen a week ago, per the CME FedWatch Tool.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: S&P 500, Dow futures slip with key CPI inflation print on deckInvestors are looking to August's CPI reading to lift the uncertainty around the size of the Fed's first rate cut in years.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock rally loses steam as S&P 500, Dow slip from recordsNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq futures stall with Fed and Google breakup in focusInvestors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Dow futures waver as inflation report loomsInvestors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rallyThe focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rallyWall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »