There's a solid case to be made that small-cap stocks are cheap right now. Is it time to buy?
Stock Market Today: The Dow Jones reversed higher Friday after key inflation data. Shares of Nike stock plunged on earnings.
The flat reading in the personal consumption expenditures(PCE) price index last month followed an unrevised 0.3% gain inApril, the Commerce Department's Bureau of Economic Analysissaid on Friday. In the 12 months through May, the PCE priceindex increased 2.6% after advancing 2.7% in April. Economists polled by Reuters had forecast the PCE priceindex unchanged on the month and rising 2.6% year-on-year.