From Yahoo Finance: 2025-06-11 22:27:00

U.S. stock indexes rose following another update on inflation. S&P 500 increased by 0.4%, Dow Jones by 0.2%, and Nasdaq by 0.2%. Oracle’s 13.3% surge helped offset Boeing’s 4.8% loss after a London-bound flight crash. Easing Treasury yields signaled potential interest rate cuts by the Federal Reserve to boost the economy.

Inflation data showed improvement, pushing Treasury yields down. Jobless claims slightly rose, indicating potential layoffs. Uncertainty from tariffs could delay interest rate cuts. Wall Street expects no changes next week but predicts cuts in September. Trump’s tariffs have sparked inflation and recession fears.

Chime Financial surged by 37.4% on its Nasdaq debut, aiming to connect customers with bank partners. GameStop fell 22.5% after announcing plans to raise $1.75 billion through zero-interest borrowing. S&P 500 rose to 6,045.26, Dow Jones to 42,967.62, and Nasdaq to 19,662.48. Overseas markets were mixed, with Hong Kong’s Hang Seng down 1.4%.

Hong Kong’s index remains up nearly 20% for the year, contrasting with the U.S. stock market’s gain of less than 3%.



Read more at Yahoo Finance: Wall Street ticks closer to its record after Oracle rallies