S&P 500 ends higher as CPI data cements bets for Fed pause
newscatcher
2023-09-17 16:35
S&P 500 ends higher as CPI data cements bets for Fed pause
The S&P 500 and Nasdaq ended higher on Wednesday after data showing a moderate increase in consumer prices in August cemented expectations that the Federal Reserve will leave interest rates unchanged in September. Megacap growth stocks Tesla, Meta Platforms, Microsoft and Amazon.com gained over 1% each. Apple dipped 1.2%, down for a second day after unveiling new iPhones on Tuesday while leaving prices unchanged. The S&P 500 climbed 0.12% to end the session at 4,467.44 points. The Nasdaq gained 0.

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