S&P 500 rises after oil price move cools inflation concerns
US stocks flipped positive Wednesday after oil prices halted a sharp advance, easing inflation concerns. The S&P 500 rose 0.5% at 12:25 p.m. in New York while traders weighed the Federal Reserve’s potential path for rate hikes.
US stocks turned positive after flipping between small gains and losses earlier in Wednesday’s session, as oil prices halted a sharp advance, easing inflation concerns as traders weigh the Federal Reserve’s potential path for interest-rate hikes.The S&P 500 Index rose 0.5% at 12:25 p.m. in New York…