Market Volatility Drops To Record Lows Ahead Of Fed Decision; S&P 500 Settles Higher - Amazon.com (NASDAQ
The S&P 500 settled higher on Thursday amid a recovery in tech stocks, ahead of key inflation data and the Feds 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.
Shares of GameStop Corp. GME dropped around 18% on Thursday as the company reported worse-than-expected results for its first quarter and named Ryan Cohen as executive chairman, terminating its former CEO.