S&P 500 Hits Record High; Pfizer Gains On Vaccine Sales Beat, Tesla Slips As Musk Casts

[ad_1]

U.S. stocks extended gains Tuesday, with the S&P 500 rising to yet another all-time high, as investors look to the start of today’s Federal Reserve policy meeting while sifting through the latest batch of third quarter earnings reports.

The Fed is widely expected to detail how it will begin slowing the pace of it $120 billion in monthly bond purchases – the first of several steps required for a true rate hike, which some analysts now suggest could come as early as July of next year.

Supply chain disruptions could still derail the now-uneven global recovery, however, and while Fed officials are mindful of the searing pace of inflation — its preferred gauge held near the highest levels since the early 90s last month — they are also worried that tightening policy too early could tip economy into a sharper slowdown.

!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function()
{n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}
;if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
(function(){
fbq(‘init’, ‘135067773744716’);
fbq(‘track’, ‘PageView’);
var contentId = ‘ci02913d63e00025e7’;
if (contentId !== ”) {
fbq(‘track’, ‘ViewContent’, {content_ids: [contentId], content_type: ‘product’});
}
})();

[ad_2]

Read More: S&P 500 Hits Record High; Pfizer Gains On Vaccine Sales Beat, Tesla Slips As Musk Casts