Closing Snapshot
- S&P 500 (SPX): 7,743.98 | +21.38 | +0.28%
- Nasdaq 100 (NDX): 29,813.16 | +161.72 | +0.55%
- Dow Jones (DJIA): 52,475.10 | +97.53 | +0.19%
- Russell 2000 (RUT): 2,830.51 | +11.64 | +0.41%
- VIX: 16.91 | -0.61 | fear gauge lower for a third day
- 10-Year Treasury Yield: 5.05% | +5 basis points | back above 5%
- WTI Crude: $101.94 | +$2.04 (+2.0%)
- Brent Crude: ~$114.10 | ~+$0.22 (+0.2%)
- Gold: $4,081.20 | +$6.60 (+0.2%)
- DXY (US Dollar Index): 102.13 | -0.19 (-0.2%)
The Federal Reserve held its benchmark rate at 3.75% to 4% but in a 10-2 vote, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of a quarter-point hike, and futures markets now put the odds of a December hike at about 85%. Stocks rose for a third straight day anyway, with the S&P 500 up 0.3%, as Oracle jumped about 11% on its funding plan for AI data centers and Vertiv rose 16.5% after a large earnings beat. Utilities and real estate lagged as the 10-year Treasury yield climbed back above 5%. After the bell the picture split, with Microsoft up after its results and Alphabet down roughly 8%.