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S&P 500 dips slightly, Fed rate hike expected in December 2026

Market News
02 Nov 2026, 15:04 WIB
Seeking Alpha
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Bearish
S&P 500 dips slightly, Fed rate hike expected in December 2026

The S&P 500 ended the week of October 30, 2026, nearly unchanged, closing at 7,580.07, down just under 0.6% from the previous week. Market expectations remain steady with the CME Group's FedWatch Tool projecting a 0.25% Federal Funds Rate hike on December 9, 2026. This signals continued cautious optimism among investors as they await the Fed's next move. The stability in the index reflects a market in balance amid ongoing economic assessments.

The S&P 500's recent decline due to concerns over AI costs provides context for Pluang's market snapshot. As of Nov 02, 2026 19:41 WIB, among 150 priced US stocks tradable on Pluang, 105 rose and 41 fell. Notable movers include AT&T Inc. (T) at USD 20.91 with a 1-day change of -2.47% and a typical hold time of 118 days, JetBlue Airways Corporation (JBLU) at USD 2.92 with +2.46% change and a 43-day hold time, and Verizon Communications Inc (VZ) at USD 43.72, down 2.26% with a 110-day hold time.

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