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Barchart
Barchart
Rich Asplund

Stocks are Mixed on the Last Trading Day of Q2

The S&P 500 Index ($SPX) (SPY) today is up +0.01%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.02%.

Stock indexes today are mixed in today's afternoon trade.  Earlier this morning, the S&P 500 and Nasdaq 100 posted new all-time highs as easing US price pressures knocked T-note yields lower and bolstered the chances of Fed interest rate cuts this year.  Today’s economic news showed the US May core PCE deflator, the Fed’s preferred inflation gauge, eased +2.6% y/y from +2.8% y/y in April, right on expectations and the slowest pace of increase in 3 years.  Strength in chip stocks today is also bouying the overall market.

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