S&P Defends 7,700 After Hawkish Minutes as Semis Keep Unwinding
The S&P 500 is up about 0.3% near 7,715, trying to snap a three-day losing streak after Treasury's long-end buyback plan pulled yields off a 19-year high. The 2 p.m. FOMC minutes showed many officials ready to tighten if inflation stays elevated. Semiconductors are still red into the last hour.