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S&P 500 tumbles after Fed hints at rate hike but traders expect rebound Thursday open

Market News
18 Jun 2026
Eva Mathew
View Source
Neutral
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The S&P 500 fell 1.21% to 7,420.10 after the Federal Reserve signaled a possible interest rate increase later this year, causing investor jitters. Despite the decline, Polymarket traders predict a 98% chance the index will open higher on Thursday, reflecting optimism about economic resilience. Treasury yields rose sharply, pressuring stocks, but Asian markets hit records and futures suggest a rebound. Investors are also watching earnings from Accenture and Kroger, along with key economic data.

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