Pre-Fed jitters to keep S&P 500, Nasdaq below record highs at open – Reuters

  • Date: 17-Jun-2021
  • Source: Reuters
  • Sector:Economy
  • Country:Middle East
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Pre-Fed jitters to keep S&P 500, Nasdaq below record highs at open – Reuters

June 16 (Reuters) - The S&P 500 and the Nasdaq were set to open just below record highs on Wednesday, with investors on edge before potential hints from the Federal Reserve on when it would taper its massive monetary stimulus.

The Fed has previously tried to assuage concerns that rising inflation would prompt it to tighten its ultra loose monetary policy, but data on Tuesday showing a jump in producer prices has again raised expectations the central bank could begin debating closing the taps at its meeting this week. read more

Inflation concerns have dominated markets in recent weeks even as strong corporate earnings and the gradual reopening of the U.S. economy have helped the S&P 500 and Nasdaq reach all-time highs.