Consumer Price Index Shows Muted Inflation

Consumer Price Index Shows Muted Inflation

Todd Peters, senior vice president at Adviser Investments, has the market analysis for Wednesday, June 12. Major U.S. market indexes once again declined. The Dow Jones Industrial Average and S&P 500 dipped 0.2% and the NASDAQ was off 0.4%. In terms of economic data, the Labor Department reported muted consumer price gains for May: The index rose just 0.1% month-over-month versus 0.3% April gains. Meanwhile, at Tesla’s annual shareholders’ meeting, CEO Elon Musk predicted the potential for a “record quarter on every level.” Tesla’s stock is down around 35% this year and slid nearly 4% today.

 

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