S&P 500 Rises Toward Record on Tame Inflation Data: Markets Wrap

S&P 500 Eyes Records, Fed Hike Odds Near 51% Before CPI - Intel (NASDAQ:INTC), Invesco QQQ Trust, Series

Fed rate hike odds jumped to 51% for September after Hammack signaled multiple increases needed; Intel fell 1.5% after raising stock sale to $20 billion. Rising rates pressure tech valuations; Intel's capital raise flags immediate cash stress, signaling broader semiconductor headwinds.