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Market Volatility Drops To Record Lows Ahead Of Fed Decision; S&P 500 Settles Higher

The S&P 500 settled higher on Thursday amid a recovery in tech stocks, ahead of key inflation data and the Fed’s policy meeting next week. Traders are now seeing around 73% chance that the Federal Reserve will maintain interest rates at its meeting on June 13-14. However, they see a 50% probability of a rate increase in July.


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Markets Turn Bullish After Dow Rises For Third Straight Session

The CNN Money Fear and Greed index showed an improvement in overall sentiment among U.S. investors on Thursday. U.S. stocks closed higher on Thursday following the release of initial jobless claims data, which rose to 261,000 in the week ended June 3, the highest level since Oct. 2021, and above market estimates of 235,000.