US stocks edged lower Thursday, snapping a rebound that had lifted the S&P 500 1.3% a day earlier. The S&P 500 fell 0.35% to 7,592.40, the Dow Jones Industrial Average slipped 0.36% to 52,297.09, and the Nasdaq Composite lost 0.39% to 25,366.09, Yahoo Finance reported, as bond yields rose. Traders weighed hot inflation data, the Federal Reserve's next move and higher oil prices. Hot Inflation Keeps the Fed in Focus The week's moves have been shaped by interest rates. Tuesday's hotter-than-expected inflation report convinced traders that the Federal Reserve will raise rates next month, Reuters said. According to CME FedWatch, investors fully price in a hike of at least 25 basis points, with a 13.2% chance of a 50-basis-point move.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.