FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023.
Traders now see a 63% chance the central bank will raise interest rates in July, up from 60% earlier on Wednesday, according to the CME Fedwatch tool.
According to preliminary data, the S&P 500 gained 3.83 points, or 0.09%, to end at 4,372.84 points, while the Nasdaq Composite gained 53.16 points, or 0.39%, to 13,626.48.
The S&P 500 health sector index and the S&P 500 managed healthcare index both fell.
The S&P 500 is up about 14% so far in 2023, while the Nasdaq has climbed about 30%.
Persons:
Brendan McDermid, ”, Sam Stovall
Organizations:
Reuters, Federal Reserve, New York Stock Exchange, REUTERS, Market, CFRA Research, Traders, Nvidia, Broadcom, Nasdaq, Dow Jones, Dow, UnitedHealth, Universal Health Services, HCA Healthcare
Locations:
New York City, U.S