THE GIST (“THE WHAT”) Rebound in technology stocks lifted the broader market. The S&P 500 index fell during the early hours as treasury yields hit a 16-year high ahead of the keenly awaited Federal Reserve meeting on Friday at Jackson Hole, Wyoming. But grinding higher during the afternoon session alongside a rally in chip stocks, (more…)

THE GIST (“THE WHAT”) The S&P 500 index remains range bound, stuck between 4100 and 4185 as markets navigate through an unchartered territory of rising interest rates, sticky inflation and a looming U.S. debt crisis. Trading directionless within yesterday’s range, the index closed slightly lower at 4130.63, down 7 points (-0.71%). Note: Our daily “S&P 500 (more…)