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US Stocks Today: NaS&P 500 Rise as Fed's Waller Signals Openness to Holding Rates Steady
Traders trimmed hike bets after Waller said rates could stay unchanged if inflation eases, while the S&P 500, Dow and Nasdaq opened higher.
- Wall Street opened higher on Thursday after Federal Reserve Governor Christopher Waller signaled openness to leaving interest rates unchanged this month if inflation data confirms cooling price pressures.
- Waller's comments prompted traders to lower bets on a rate hike this month, though he warned borrowing costs may still need to rise if August inflation data shows persistent price pressures.
- The Nasdaq Composite gained 0.45% at the open while ServiceNow rose 5.43%, with Salesforce and Adobe climbing about 3.14% and 3.62% respectively, leading broad market gains.
- Escalating U.S. and Iran fighting has sent oil prices up 11% this week, creating what analyst Daniela Hathorn termed an 'inflationary headache' that complicates the rate outlook.
- Investors are now eyeing Friday's crucial August employment report for further monetary policy guidance, though Bokeh Capital Partners' Kim Forrest warned thinner September liquidity could create volatility.
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Wall Street ends sharply higher as Waller remarks ease rate hike fears
·London, United Kingdom
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Coverage Details
Total News Sources35
Leaning Left2Leaning Right10Center9Last UpdatedBias Distribution48% Right
Bias Distribution
- 48% of the sources lean Right
48% Right
C 43%
R 48%
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