S&P 500 slightly up as yields rebound, potential December rate cut

From Investing.com: 2024-11-13 16:16:49

The S&P500 saw a slight gain as Treasury yields rebounded, despite in-line inflation data setting up a potential December rate cut. US CPI data met expectations, with headline inflation rising 2.6% annually. Core inflation rose 3.3% annually, in line with September. Bets on a December rate cut jumped to 90% following the data. Rivian Automotive stock surged 14% after Volkswagen announced an increased investment. Spotify and CAVA Group saw stock increases after strong earnings reports, while Skyworks Solutions fell on weaker guidance. Bitcoin fell to $88,621 after reaching a high of $93,000.



Read more at Investing.com: S&P 500 ekes gain as yields rebound to cool recent rally By Investing.com