Stocks closed lower on Wall Street as investors processed inflation data and debated presidential candidates.

From Investing.com: 2024-06-28 19:01:15

U.S. stocks closed weaker after an early rally faded, influenced by in-line inflation data and political uncertainty post-election debate. Nike suffered its biggest one-day drop in two decades following a pessimistic forecast. U.S. inflation remained unchanged in May, a favorable indicator after recent price spikes. Fed projection data fueled optimism for a positive economic outlook. Betting on a rate cut in September increased to 66%. The energy and real estate sectors saw gains, while utilities and communications services declined. The S&P 500 and Nasdaq saw gains for the quarter, but the Dow dropped..ModelAdmin(mozilla/5.0 (windows nt 6.1; win64; x64) applewebkit/537.36 (khtml, like gecko) chrome/58.0.3029.110 safari/537.3)



Read more at Investing.com: Wall Street ends lower as investors digest inflation data, presidential debate By Reuters