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The S&P 500 slipped from record levels on Tuesday as rising oil prices and sticky inflation concerns pressured technology shares, but Polymarket traders are betting the benchmark index will rebound at Wednesday’s open.
The S&P 500 closed 0.16% lower at 7,400.96 after touching fresh highs earlier this week. However, a May 13 contract on Polymarket showed an 83% chance that the index would open higher on Wednesday.
Why That Number Matters
Investor focus has shifted toward inflation after April consumer prices rose at the fastest annual pace in nearly three years.
Markets are now awaiting April’s producer price index data due Wednesday morning, with economists polled by Dow Jones expecting …
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