US stocks mixed, Treasury yields dip as investors square soft data with hawkish Fed

NEW YORK, June 13 - Wall Street stocks were mixed in choppy trading on Thursday and U.S. Treasury yields touched their lowest since early April as investors reconciled cooler-than-expected inflation data with tempered rate cut expectations from the Federal Reserve.

"We're getting further evidence this morning, sort of confirmatory evidence this morning from PPI that we got from CPI yesterday," Scott Ladner, chief investment officer at Horizon Investments in Charlotte, North Carolina."We're seeing continuing progress and investors getting more confident that the Fed is not going to have to leave right at 5.5% forever and ever.

The Dow Jones Industrial Average , opens new tab fell 249.48 points, or 0.64%, to 38,462.73. The S&P 500 , opens new tab lost 4.78 points, or 0.09%, at 5,416.25 and the Nasdaq Composite , opens new tab added 44.48 points, or 0.25%, at 17,652.91.

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