Comments from policymakers in recent days have raised expectations of a rate hike in June, much sooner than previously thought. Nine of the 10 major S&P sectors were higher, with the energy index’s 0.76% rise leading the gainers. Dow Jones industrial average up 0.53%, S&P 500 adds 0.49%, Nasdaq Composite gains 0.36%Nine of the 10 major S&P sectors were higher, with the energy index’s 0.76% rise leading the gainers. Traders are now pricing in a 37.5% chance for a June rate hike, up from just 4% last week, according to CME Group’s FedWatch tool. So far in 2016, the S&P 500 is up about 2%, while the Nasdaq is down 3%.

Source: Mint May 25, 2016 09:18 UTC