The S&P 500 rallied on Tuesday as strong corporate earnings and a rebound in semiconductor stocks lifted equities. However, Polymarket traders are betting the benchmark index will open lower on Wednesday as rising oil prices and renewed inflation concerns cloud the outlook.
The S&P 500 gained 0.89% to close at 7,509.20. However, the July 22 Polymarket contract implied just a 15% probability that the index will open higher on Wednesday, with traders increasingly positioning for a weaker start.
