S&P 500 Eyes Records, Fed Hike Odds Near 51% Before CPI: Stock Market Today
U.S. equities drifted either side of the flatline by midday Tuesday, with the S&P 500 hovering just below the record high it tested at Monday’s close, as diplomatic signals out of the Persian Gulf took the heat out of crude’s rebound and pulled Treasury yields back from multi-decade highs. President Donald Trump hardened Washington’s negotiating stance in a Truth Social post, requiring Tehran to pay for war damages. Meanwhile, Pakistani and Qatari officials countered with a more constructive read, flagging progress toward an agreement that would restore oil flows through the Strait of Hormuz. WTI crude still added 1.4% to $83.29 a barrel, extending a weekly advance of 9.9% and leaving the U.S. benchmark up 45% year-to-date. Brent crude rose 1.3% to $88.84, up 11.8% over the past week. Treasuries caught a bid. The 10-year yield eased to 4.69%, down two basis points af...
S. equities drifted either side of the flatline by midday Tuesday, with the S&P 500 hovering just below the record high it tested at Monday’s close, as diplomatic signals out of the Persian Gulf took the heat out of crude’s rebound and pulled Treasury yields back from multi-decade highs. President Donald Trump hardened Washington’s negotiating stance in a Truth Social post, requiring Tehran to pay for war damages. Meanwhile, Pakistani and Qatari officials countered with a more constructive read, flagging progress toward an agreement that would restore oil flows through the Strait of Hormuz.
S. benchmark up 45% year-to-date. 8% over the past week. Treasuries caught a bid.
24%. Rate expectations remain the swing factor. Traders are pricing roughly a 51% probability of a 25-basis-point hike at the September meeting, up from 44% a day earlier, after Cleveland Fed President Beth Hammack said multiple increases may be needed to return inflation to 2%. 5%.
S. equity markets by midday Tuesday, moves were narrow and rotational rather than directional, with small caps the clear standout. 68 record. 1%, to 53,940.
4% to 29,500. 5% to 3,030. 31 an ounce. m.
1%. 1%. 4%. 5%.
3% gain as crude firmed. 7%. 2%. S.
5%. 8%. 6% after a broad second-quarter beat. 12, a midpoint roughly 12% above prior Street forecasts.
Fermi Inc. 5 billion binding lease at its Project Matador site with TensorWave subsidiary TensorWave TEX1, covering a data center supported by 222 megawatts of power. Fermi reports second-quarter results Thursday. Aramark (NYSE: ARMK ) climbed 10% after fiscal third-quarter GAAP EPS rose 34% to 36 cents and the company raised its full-year organic revenue growth outlook to 9%-10%, up from the high end of a prior 7%-9% range, citing the start of operations with a top global hyperscaler as it scales premium hospitality services.
Freshpet Inc. 3 million consensus and EPS of 39 cents beat the 22-cent estimate. KKR & Co. Inc.
1%, with the move tracking a broader bid in alternative asset managers. 31. 56 billion consensus, though On did lift its gross margin target to at least 65%. Amer Sports Inc.
7%, as the read-across from On’s guidance rippled through athletic footwear and apparel. 51 profit, driven by a $337 million pre-tax charge tied to higher projected completion costs on a construction management contract signed in 2019. 97 consensus. Amentum Holdings Inc.
57 billion consensus, offsetting adjusted EPS of 67 cents that beat the 61-cent estimate. Almonty Industries Inc. 7% on no confirmed news catalyst, giving back a slice of the run that followed the st