US500S&P 500
7,414.6
-1.16%
SUPPORT:73797307
RESISTANCE:74507522
Past
What happened
S&P 500 closed 1.16% lower at 7,414.57, surrendering Thursday's record close after monthly PPI printed 1.4% vs 0.4% expected — the biggest annual jump (6% YoY) since December 2022.
Why
Why it matters
The Fed-easing 'goldilocks' bid that drove the rally is being tested. Powell hands over to Warsh today with stagflation optics getting harder to ignore — exactly the regime risk-parity hates.
Watch
What to watch
7,343 (last week's breakout) is the must-hold. Warsh's first remarks as Fed chair + next week's retail sales/CPI revisions are the gates to either reclaiming 7,500 or trip-down to 7,250.
HEADLINES
- The stock market hasn't been this expensive since the dot-com crashYahoo Finance
- Jerome Powell's last day as Fed chair: What to watch tomorrowYahoo Finance Video
- Dow back above 50,000, US stocks hit new records on AI rallyYahoo Finance Video
- Stock Market Today: Dow Falls As Oil Prices, Yields Jump; Applied Materials, Nvidia, Cerebras Slide (Live Coverage)Investor's Business Daily
- Exchange-Traded Funds, Equity Futures Lower Pre-Bell Friday Amid Oil Surge, Higher Yields, Geopolitical UncertaintyMT Newswires