US stocks dip after record highs due to cooling inflation, European stocks fall

From Yahoo Finance: 2024-06-14 17:38:16

US stocks dipped on Friday after the S&P 500 and Nasdaq 100 hit record highs four days in a row, fueled by a cooldown in inflation data. Outgoing Fed President Loretta Mester welcomed recent disinflation news and hinted at possible interest rate cuts in September. European stocks fell sharply due to election results in France and Germany, with the Euro Stoxx 50 Index dropping about 2%. Investors are eagerly awaiting the release of consumer sentiment data and monitoring comments from Fed Presidents Mester and Goolsbee. In commodities, oil prices rose, gold edged higher, and Bitcoin saw a modest increase.



Read more at Yahoo Finance: Indexes edge lower after hitting records on cooling inflation