Market Moves Amid Rate Hike Fears | Boise News

Stocks dipped yesterday as the S&P 500 slid, with software stocks like Salesforce under pressure—but chipmakers soared, led by Intel’s nearly 10% jump and Qualcomm’s gain after its AI chip deal with Amazon. Traders brace for a possible Fed rate hike ahead of September’s meeting, fueled by stronger-than-expected jobs data. Middle East tensions are also rattling markets, pushing oil to a six-week high after Saudi energy strikes. Inflation numbers this week could sway policy decisions, with markets betting a 60% chance of a rate increase. Despite solid Q2 earnings, the S&P’s valuation has fallen since early June, as geopolitical risks and rising yields keep investors on edge. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a2afd2b5ad9ff4d4