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 stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. is down around 35% this year and slid nearly 4% today.
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