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Benzinga

Business

Eva Mathew

Stock Market: Will S&P 500 Open Up or Down Today?

Polymarket Alphabet Alphabet Inc Tesla Inc. Oil

People,Silhouettes,On,American,Stock,Market,Index,S,P,500

The S&P 500 suffered its steepest one-day decline in a month on Thursday as surging oil prices and earnings from Tesla Inc. (NASDAQ:TSLA) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) rattled investors, but Polymarket traders are betting the benchmark index will rebound at Friday’s open.

The S&P 500 closed down 1.21% at 7,408.30 after opening at 7,418.29, marking its worst daily performance since June 23. Despite the selloff, the July 24 Polymarket contract implied a 66% probability that the index will open higher on Friday.

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