Market Volatility Fluctuates Amid Tech Stock Surge and Fed Rate Hike Speculation
TL;DR Summary
US stocks closed higher on Thursday with technology stocks rebounding, while volatility dropped to record lows ahead of an eventful economic and policy calendar next week. Investors were sitting on the sidelines ahead of inflation data and a Federal Reserve policy meeting next week. The CBOE Volatility index dropped to a fresh post-pandemic record low. Traders have priced in a 73% chance of the US central bank holding interest rates at the current 5%-5.25% range during its monetary policy meeting on June 13-14.
- Wall Street ends up amid record low volatility ahead of eventful week Reuters
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- S&P 500, Nasdaq close lower after latest megacap rally Reuters
- Markets Gain at Midday, Lifted by Tech Stocks, Possible Fed Rate Hike Pause Investopedia
- S&P 500 Forecast: Continues to See a Lot of Volatility DailyForex.com
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