Stock Market: Will S&P 500 Open Up Or Down Today?

The S&P 500 tumbled on Wednesday after the Federal Reserve signaled that interest rates could rise this year, but Polymarket traders are betting the benchmark index will rebound sharply at Thursday’s open. The S&P 500 closed down 1.21% at 7,420.10 after its worst session in nearly a week. However, the June 18 Polymarket contract implied a 98% probability that the index will open higher on Thursday. Why That Number Matters Investor sentiment was rattled Wednesday after the Federal Reserve kept rates unchanged but released a more hawkish-than-expected dot plot. The median Fed official now expects the benchmark rate to end 2026 at 3.8%, up from 3.4% in March projections, suggesting at least ... Full story available on Benzinga.com