S&P 500 Shrugs off Inflation Spike as ‘Don’t Fight the Fed’ Idea Returns By Investing.com – Investing.com

  • Date: 11-Jun-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Gulf
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S&P 500 Shrugs off Inflation Spike as ‘Don’t Fight the Fed’ Idea Returns By Investing.com – Investing.com

By Yasin Ebrahim

Investing.com – The S&P 500 remained near all-time highs Thursday, after a hot inflation report failed to coax the bond bears out of hiding as yields fell, suggesting that the idea of "don't fight the Fed" is gaining popularity once again.

The rose 0.49% to remain close to its earlier intraday record high of 4,249.97. The was up 0.22%, or 76 points, and the was up 0.72%.