Headline: S&P 500 Rebounds to Flat as Nasdaq Pushes Higher; Rate-Cut Odds Slip
U.S. stocks staged a swift turnaround after the open, with the S&P 500 erasing early declines to trade flat while the Nasdaq moved into positive territory. The rebound gathered momentum as buyers stepped in near a key technical area, reinforcing risk appetite after a weak start.
Market participants pointed to last week’s lows acting as an important support level for the S&P 500, helping to stabilize sentiment and spark a broader bid for equities. The Nasdaq’s outperformance highlights renewed interest in growth and technology shares, even as macro uncertainty lingers.
Despite the bounce, expectations for near-term policy easing have cooled. Market pricing now implies roughly a 46% chance of a Federal Reserve interest rate cut in December, down from the prior day. That shift underscores a more cautious outlook on monetary policy and suggests volatility may persist as investors weigh incoming data and central bank signals.
Key Points: – S&P 500 recovered intraday losses to trade flat; Nasdaq moved higher – Early selling was reversed within about an hour amid renewed buying – Last week’s lows acted as a key support level for the S&P 500 – Nasdaq’s strength points to improved demand for growth and tech stocks – Market-implied odds of a December Fed rate cut have fallen to around 46%
