S&P 500 rises 1% as rate-hike odds reach 87%, CNBC Investing Club recap

  • S&P 500 rebounded about 1% after four consecutive daily declines.
  • Federal Reserve rate-hike odds reached around 87% after the Sept. 15-16 meeting.
  • Microsoft plans around 38 gigawatts of computing capacity by 2032, Bloomberg reported.

The S&P 500 rose about 1% on Friday after four straight sessions of declines, helped by retreating oil prices and lower bond yields. August consumer-price data matched expectations but remained elevated, while CME FedWatch showed the odds of an interest-rate hike after the Federal Reserve’s Sept. 15-16 meeting rising to around 87%, from below 50% a month earlier. Kimberly-Clark traded near $98, and Jim Cramer said the CNBC Investing Club would buy more around $96, citing the company’s 5.2% dividend yield alongside concerns including weakness in China. The meeting also highlighted Microsoft’s plan to increase computing capacity to around 38 gigawatts by 2032, a move that Bloomberg reported could benefit GE Vernova, whose natural-gas turbines support off-grid power for AI infrastructure. GE Vernova shares rose 3% to about $952. Oracle, Adobe, Kroger and RH were discussed in the rapid-fire segment.

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S&P 500 rises 1% as rate-hike odds reach 87%, CNBC Investing Club recap - CoinPost Terminal