*S&P 500 RESUMES UPTREND AFTER TRIMMING GAINS ON REPORT OF RUSSIAN ROCKETS IN POLAND $SPY
Two stray Russian rockets landed and killed two people in the NATO state of Poland, Associated Press reported, citing an unnamed U.S. intelligence official. The Polish government called an urgent meeting of the national security committee.
Russia's defence ministry denied its missiles had hit Polish territory, calling the reports "a deliberate provocation aimed at escalating the situation". The news had briefly stoked geopolitical tensions, briefly lifting demand for safe-haven Treasuries and the dollar, but the safe-haven move faded and stocks resumed their rally amid signs that inflation is cooling.rose 0.2% in October, well below the 0.4% rise expected, reinforcing “the notion that peak prices are behind us,” Stifel said in a note, following data last week showing slowing consumer prices.
The data added to growing expectations for a slower pace of rates, with just 19% of traders now expecting another 75 basis point rate hike next month, down from 48% in the previous week, according to Investing.com’s
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