S&P 500, Dow rise as Target results lift retailers; focus on Fed minutes
Shares of TJX Companies rose 4.6% after the off-price retailer raised its fiscal 2024 outlook.ChevronEquities have been going through a rough patch in August, with the S&P 500 languishing near one-month lows as data underscoring sticky inflation and a robust economy has fanned fears of interest rates staying elevated for longer.
Traders' bets of a rate hike pause in September stand at nearly 89%, according to CME Group's Fedwatch tool.
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