- Investor's Business Daily
Dow Jones Reverses After Key Inflation Data; Nike Plunges 18% On Earnings
Stock Market Today: The Dow Jones reversed higher Friday after key inflation data. Shares of Nike stock plunged on earnings.
- Reuters
Instant view: US inflation cools in May; consumer spending rises moderately
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.
- Barrons.com
Russell Overhaul Tilts Indexes Toward AI. That’s OK, for Now.
Investors are doubling down on tech, whether they realize it or not. The market benchmarks’ annual rebalancing takes place after the closing bell on Friday.
