June 26 - Wall Street's main indexes were mixed on Wednesday, with technology stocks attempting to find a floor after recent selloff, while investors awaited a crucial inflation report this week to gauge the path of monetary policy.
Apple , opens new tab rose 1.2% after Rosenblatt upgraded the iPhone maker's stock to"buy" from"neutral." Delivery giant FedEx , opens new tab jumped nearly 13% after forecasting fiscal 2025 profit above estimates. Several economic data releases are on tap this week, leading up to Friday's release of the much-anticipated personal consumption expenditures price index - the Federal Reserve's preferred inflation gauge.
By 09:53 a.m. ET, the Dow Jones Industrial Average , opens new tab fell 163.58 points, or 0.41%, to 38,948.58, the S&P 500 , opens new tab lost 5.66 points, or 0.10%, to 5,463.64 and the Nasdaq Composite , opens new tab gained 32.60 points, or 0.19%, to 17,750.02. General Mills, opens new tab dipped 5.4% after the Cheerios cereal maker forecast annual profit below estimates and posted a bigger-than-expected drop in quarterly sales, hurt by lower demand for its snack bars and pet food, as well as higher input costs.
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