S&P 500 Near Record High as CPI Eases Fed Hike Pressure
The S&P 500 closed just below its record high after US CPI data reduced the urgency for further Federal Reserve hikes, while AI-linked semiconductor strength supported equities.
SPX
US equities advanced, with the S&P 500 finishing just under its all-time high. Deutsche Bank strategists linked the move to softer US CPI data, which reduced the perceived urgency for additional Federal Reserve rate hikes.
Short-dated Treasuries rallied, while semiconductor shares led equity gains on AI-related momentum. Equity volatility also declined.
The mix of cooling inflation and resilient technology strength kept risk appetite firm as front-end yields moved lower.
Source: FXStreet Forex News