S&P 500 Eyes Records, Fed Hike Odds Near 51% Before CPI: Stock Market Today
benzinga_article·- U.S. equities drifted narrowly by midday Tuesday, with the S&P 500 hovering just below its record high as diplomatic signals eased crude oil prices and Treasury yields. - Traders priced a 51% probability of a 25-basis-point rate hike at the September meeting following comments from Cleveland Fed President Beth Hammack. - Energy stocks and select companies such as NIQ Global Intelligence and Fermi posted significant gains, whereas software and specific firms like On Holding experienced losses.Quantum, Kopin, Alamar Biosciences And Other Big Stocks Moving Higher On Tuesday
benzinga_article·- U.S. stocks experienced mixed trading on Tuesday while the Dow Jones index gained approximately 150 points. - Quantum Corp surged 44% to $16.96 after reporting first-quarter adjusted earnings of 18 cents per share and sales of $80.803 million, both exceeding market estimates. - Several other companies including NIQ Global Intelligence, Rapid7, and Kopin recorded significant stock gains following strong quarterly financial results and upbeat guidance.