<div id="readability-page-1"><p>Both the S&amp;P 500 ETF (SPY) and the Nasdaq 100 ETF (QQQ) closed lower on Monday as rate cuts odds plummeted amid elevated oil prices.</p><h3>Claim 55% Off TipRanks</h3>Forget margin or options. Here's how the pros trade QQQ <h2><strong>News That Moved the Stock Market Today</strong></h2> <ul> <li>The odds of a rate cut by year-end plunged to 0%, down from 3.7% a week ago, and 37.6% a month ago, according to the CME FedWatch tool. The lower odds have been influenced by fears of rising inflation alongside a rally in yields. The 10-year yield inched higher to 4.6%, while the 30-year yield rose 1.4 bps to 5.14%.</li> <li>Morgan Stanley warned that the selloff in bonds risks &#34;the first meaningful correction in equity prices since markets bottomed at the end of March.&#34;</li> <li>President Trump said in a Truth Social post that he would hold off on an attack against Iran that was scheduled for Tuesday at the request of several Middle Eastern leaders. He warned that the U.S. is &#34;prepared to go forward with a full, large scale assault of Iran&#34; if a deal cannot be reached.</li> <li>Trump is scheduled to swear in Kevin Warsh as Jerome Powell's successor on Friday, a White House official told the <em>Wall Street Journal</em>.</li> <li>Nvidia (NVDA) closed in the red, despite receiving several encouraging comments from Wall Street analysts ahead of its earnings report on Wednesday. KeyBanc analyst John Vinh raised his price target to $300 from $275, while DA Davidson's Gil Luria hiked his target to $300 from $250.</li> <li>Citi analyst Atif Malik raised his price target on AMD (AMD) to $460 from $358. He also hiked his target on Intel (INTC) to $130 from $95.</li> <li>Costco (COST) rallied to a 52-week high after the company raised its quarterly dividend by 13% to $1.47.</li> </ul></div>

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<p>The S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ) fell as rate cut odds dropped to 0% amid rising oil prices and inflation fears. The 10-year yield rose to 4.6%. Trump postponed a planned attack on Iran, warning of potential escalation. Nvidia's stock declined despite positive analyst ratings, while Costco reached a 52-week high after increasing its dividend by 13%.</p>

- The S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ) closed lower as rate cut odds fell to 0% due to rising inflation concerns and elevated oil prices.  
- The 10-year yield increased to 4.6%, with warnings from Morgan Stanley about potential equity price corrections from bond selloffs.  
- Meanwhile, Costco reached a 52-week high after announcing a 13% increase in its quarterly dividend, while Nvidia's stock declined despite positive analyst ratings ahead of its earnings report.

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Stock Market Today: SPY, QQQ Slip as Rate Cut Odds Sink to 0%; Trump Calls Off Planned Attack on Iran