The Consumer Price Index was up 0.1% in May, below the forecast of 0.3%. The core rate, which strips out food and energy, was also up 0.1%, in line with the consensus forecast. Year-over-year, core inflation fell from 1.9% in April to 1.8% in May, while the headline rate fell from -0.7% to -1.3%. More from Bloomberg...
The Dow Jones Industrial Average dropped 7 points (0.1%) to close at 8,497, the S&P 500 Index lost 1 point (0.1%) to 911, and the Nasdaq Composite gained 12 points (0.7%) to 1,824.Crude oil gained $0.56 to $71.03 per barrel, and gold gained $4.65 to $939.45 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
