Fed Hike Bets Lift US Yields, Nasdaq Gains 0.8% | Global Economy, Nov 4
Overnight global markets briefing: Nasdaq gains, Dow slips, 10-year yield at 4.974%, and Brazil's Copom decides tonight. What it means for Latin America. The post Fed Hike Bets Lift US Yields, Nasdaq Gains 0.8% | Global Economy, Nov 4 appeared first on The Rio Times .
The US stock market experienced mixed results on Tuesday, with the Nasdaq Composite rising 0.83% to 25,372 and the S&P 500 gaining 0.36% to 7,569. Meanwhile, the Dow Jones fell 0.38% to 51,787, highlighting the contrasting fortunes of growth and industrial stocks. The S&P 500 remains 2.3% below its close on October 28, indicating a partial recovery from Tuesday's gains.
The dollar index also declined from 102.32 on October 27 to 101.39, providing some relief for emerging-market currencies. The September Consumer Price Index (CPI) reported at 3.7%, while energy prices remained elevated compared to the previous year. Labor market data showed a paltry 29,000 payrolls in September, bolstering the case for a potential rate hike by the Federal Reserve.
Inflation concerns are driving expectations of a 9 December hike, with Polymarket bettors assigning a 74.5% probability to such an increase.
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