FILE - People move past an electronic stock board showing Japan’s stock prices outside a securities firm in Tokyo, June 7, 2024. Asian shares were mixed in muted trading Friday, June 14, after Wall Street’s continued frenzy around artificial-intelligence technology nudged indexes on Wall Street to more records.
Treasury yields eased again in the bond market as traders grew convinced that inflation is slowing enough to get the Federal Reserve to cut interest rates later this year.showed prices paid at the wholesale level weren’t as bad as economists expected. They actually dropped from April into May, when economists were forecasting a rise.at the consumer level was lower than expected.
Companies whose profits are most closely tied to the strength of the economy lagged the market Thursday following the reports, such as oil-and-gas producers and industrial companies.
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