S&P 500 Climbs to 7,671 at Midday Despite Rising Rate-Hike Odds
As seen on the 24/7 Wall St. homepage on September 2, 2026.
- S&P 500+0.52%
- Dow Jones Industrial Average+0.46%
- Nasdaq Composite+0.41%
Buyers are showing up even with September rate hike odds climbing, and all three major indexes are green at midday, with the S&P 500 adding 39.83 points and leading the Dow and Nasdaq. Keep an eye on whether that bid holds into the close.
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The S&P 500 is up 39.83 points as of midday, leading the Dow Jones Industrial Average and the Nasdaq Composite, which are also higher.
Buyers are stepping in even as September rate hike odds are climbing, a combination that has historically pressured equities, and that willingness to bid up prices into a tighter monetary outlook shows conviction.
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The index grinded higher through the first half of the session and held most of that gain into midday, a pattern that points to orderly buying.
A sustained finish near current levels would signal that equity markets are comfortable absorbing the rate hike risk, which matters for how the broader market is priced going into the next Fed meeting.