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S&P 500 falls 1.4% amid rising bond yields; Fed rate outlook steady, GDP growth forecast slightly lowered.

Market News
24 Aug 2026
Seeking Alpha
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Bearish
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The S&P 500 dropped nearly 1.4% to close at 7,678.76 for the week ending August 21, 2026, driven largely by rising bond yields. The CME Group's FedWatch Tool showed little change in expectations for the Federal Funds Rate, indicating steady monetary policy ahead. Meanwhile, the Atlanta Fed's GDPNow forecast for U.S. real GDP growth in Q3 2026 was revised down slightly to 4.0% from 4.3%. These developments suggest cautious investor sentiment amid stable interest rate expectations and a modest slowdown in economic growth projections.

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Breast cancer vaccine meets Phase 1 goals; ovarian cancer CAR-T shows promising survival in Phase 1 trial

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NYSE pre-market update highlights quantum campus, Pay.com.au US launch, and rising Treasury yields.

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Sanofi stock dips on Trump vaccine order but growth outlook remains strong with raised 2026 sales guidance.

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