Reported 7 months ago
US Stocks were mixed and Treasury yields fell as investors processed softer-than-expected data alongside the Federal Reserve's less dovish stance. While the S&P 500 and Nasdaq were on track for record highs, the Dow saw a slight dip. The producer price index came in below estimates, while jobless claims hit a 10-month high. Despite a hawkish Fed tone, markets anticipate a rate cut later this year. European and Asian stocks reacted to tariff concerns and softer economic data, with European shares closing lower. Bond yields dropped while the dollar rose against major currencies. Oil prices fluctuated, and gold dipped following the PPI report.
Source: YAHOO