VWO - Asia Mixed While European Markets Dip Crude Slips To $77 On Reduced Demand Forecast - Global Markets Today While US Slept | Benzinga
On Wednesday, June 12th, U.S. stock markets closed mixed as the S&P 500 and Nasdaq hit record highs for the third day running, fueled by lower-than-expected inflation data.
However, they pulled back from their peaks after the Federal Reserve indicated it plans only one rate cut this year, despite earlier forecasts for three cuts.
In economic data, May’s annual CPI inflation dipped to 3.3%, slightly below the expected 3.4%. The Federal Reserve held interest rates steady at 5.25-5.50% for the seventh straight meeting, as expected.
Most sectors of the S&P 500 ended higher, led by strong gains in information technology, consumer discretionary, and industrials. However, the energy and consumer staples sectors closed down.
The Dow Jones Industrial Average was down 0.09% and closed at 38,712.21. The S&P 500 ...