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Stock market today: World stocks are mixed ahead of this week's Fed meeting

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World shares are mixed in a busy week that will bring several top-tier reports on U.S. inflation along with a policy meeting of the Federal Reserve.

FILE - A person looks at an electronic stock board at a securities firm in Tokyo, on May 27, 2024. Asian stocks were mixed on Tuesday, June 11, in a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve. – World shares were mixed on Tuesday in a busy week that will bring several top-tier reports on U.S. inflation along with a policy meeting of the Federal Reserve.

Hong Kong’s Hang Seng sank 1% to 18,176.34, and the Shanghai Composite lost 0.8% to 3,028.05 after reopening from a public holiday. Markets remained cautious ahead of a report on inflation in China due out Wednesday.On Monday, the S&P 500 rose 0.3% to 5,360.79, topping its all-time high set last week. The Nasdaq composite also set a record after rising 0.3% to 17,192.53, while the Dow Jones Industrial Average gained 0.2% to 38,868.04.

Treasury yields were mixed in the bond market ahead of reports later in the week that will show whether inflation improved last month at both the consumer and wholesale levels.

 

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