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S&P 500 dips 0.25% despite softer PCE data; Fed likely holds rates in October

Market News
30 Sep 2026
Seeking Alpha
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Neutral
S&P 500 dips 0.25% despite softer PCE data; Fed likely holds rates in October

The S&P 500 initially rose on softer-than-expected PCE inflation data but closed down 0.25% at 7,651.54 as Treasury yields climbed. The core PCE inflation rate fell to 3.0%, mainly due to changes in calculation methods, and does not yet reflect recent diesel price spikes. Federal Reserve officials see no urgent need for another rate hike, making an October increase unlikely. Investors should watch upcoming data releases for further Fed guidance.

The S&P 500 and related market conditions provide context for this update. For readers following the Financials sector on Pluang as of Oct 01, 2026 09:41 WIB, 14 of 85 priced stocks rose while 70 fell. Notable movers include HUT at USD 87.11 with a 1-day change of -6.19%, AVAT at USD 1.77 down 5.85%, and RIOT at USD 20.28 down 5.19%.

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