Dow, S&P dip after strong week, investors gauge Fed rate path

From Yahoo Finance.:

The Dow and S&P 500 slipped after last week’s gains as investors consider Fed interest rate decisions and await key inflation data. Fed officials are divided on the number of rate cuts needed. Economic data shows unexpected decline in new home sales. Nasdaq slightly up thanks to semiconductor rebound. Expectations for a June rate cut rise to 71.9%. PCE price index data may impact early rate cut hopes. Boeing sees management shakeup, Disney gets upgrade. Market breadth slightly negative. Fed announcement on rate cuts will impact market sentiment.



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