Stock indices finished today’s trading session with mixed results, as the S&P 500 and Dow Jones Industrial Average fell slightly while the Nasdaq 100 saw gains. The University of Michigan released preliminary results on consumer inflation expectations, showing an increase to 3.1% over the next five years, higher than expected. Consumer sentiment also took a hit, coming in lower than expected at 65.6.
In other news, U.S. futures were mixed on Friday morning after the S&P 500 and Nasdaq Composite closed higher for the fourth straight trading session. Tesla stock gained after shareholders re-approved CEO Elon Musk’s pay package, while shares of Broadcom and Adobe also saw significant increases.
Looking ahead, key economic reports are due today, including the preliminary Consumer Sentiment Index reading for June. European markets are expected to open higher as investors evaluate the U.S. inflation report, while Asia-Pacific markets traded higher after the Bank of Japan kept its benchmark interest rate unchanged.
Stay tuned for more economic insights and updates on market trends.
