FLAX - Asia Mixed European Markets Continue To Decline While Dollar Advances - Global Markets Today While US Slept | Benzinga
On Thursday, June 13th, U.S. stock markets closed mixed, with the Nasdaq and S&P 500 reaching record highs for the fourth consecutive session, fueled by advances in technology and subdued inflation data, despite lower U.S. Treasury yields and moderated expectations for Federal Reserve rate cuts.
According to economic data, U.S. producer prices dropped 0.2% in May, defying expectations of a gain, while initial jobless claims rose to 242,000, exceeding forecasts. The Federal Reserve held interest rates steady but hinted at fewer rate cuts ahead.
Most S&P 500 sectors fell, led by declines in communication services, energy, and industrials, while information technology and real estate stocks rose.
The Dow Jones Industrial Average was down 0.17% and closed at 38,647.10. The S&P 500 rose 0.23%, ending the day at 5,433.74, ...