The S&P 500 ended higher, lifted by energy stocks following surprise cuts to the OPEC+ group's oil output targets, while Tesla tumbled after its electric vehicle deliveries for the first quarter disappointed investors $TSLA
and S&P Global that reflected weakness in manufacturing activity in March.
Interest rate futures imply 56% odds the Fed will raise rates by 25 basis points at its meeting in May, and 44% odds it will keep interest rates unchanged, according to CME Group's Fedwatch tool.The Nasdaq declined 0.27% to 12,189.45 points, while the Dow Jones Industrial Average rose 0.98% to 33,601.15 points.
First-quarter earnings season is around the corner, with big banks among the first to report in coming weeks and
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S&P 500 wavers as OPEC move stokes inflation fearsOil prices have soared nearly 6% after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year.
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Canon's New Camera Enables Long-Range Night Vision CapabilitiesCanon's new MS-500 camera promises a unique combination of extreme low-light performance and long-distance lenses.
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