The S&P 500 dipped 0.2% amid contrasting performances from individual stocks, highlighting resilience in certain sectors. Freeport McMoRan (FCX) surged over 5% following a favorable stock upgrade from Bank of America Global Research, while Lamb Weston Holdings (LW) rose more than 4% after exceeding Q1 net sales expectations with $1.66 billion. Conversely, Spotify Technology SA and Albemarle led declines, closing down by over 4% and 6%, respectively, as the market braces for a 97% likelihood of a 25 basis point rate cut.
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