S&P 500 close 7,520.36 at a record high, volatility ahead of PCE
S&P 500index 7,520.36closed at a record high at 0.02. The prediction market trend ahead of the personal consumption expenditures (PCE) inflation data scheduled for release on Thursday pointed to a 55 chance of a lower opening. Oil prices rose about 90 per barrel, up about 2% after news of a U.S. military strike on Iran.
The U.S. S&P 500index 7,520.36closed at a record high at . Its daily return was 0.02%. It was confirmed that the index closed at a record high.
Participants in the prediction market Polymarket were more inclined to bet on a lower opening ahead of the personal consumption expenditures (PCE) inflation data due Thursday. The market puts the probability of a lower opening at 55%. This figure reflects investor sentiment about the near-term opening direction.
Oil prices rose after news of U.S. military airstrikes on Iran. Oil surged to 90 per barrel, with an intraday change of about 2%. The geopolitical event appeared to be reflected immediately in crude oil prices.
AI-related expectations and companies’ solid earnings reports supported the broader market. AI and corporate earnings were cited as factors underpinning the index’s rise. Supportive factors and geopolitical risks were observed at the same time.
In summary, the index closed at a record high, but short-term external factors were mixed. It was noted that prediction-market figures and a sharp rise in oil prices could increase short-term volatility. Thursday’s PCE release remained a key factor for the day’s market direction.
The above is a summary of facts about the market close and short-term factors. Official PCE figures to be released in the future and companies’ earnings schedules need to be monitored. Geopolitical events that occurred during the day and oil-price movements should also be observed.
Sources: Benzinga
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