From Investing.com: 2024-06-10 19:51:12

The major U.S. stock indexes were barely higher on Monday as investors awaited the release of the Consumer Price Index report for May and the conclusion of the Federal Reserve’s two-day policy meeting. The central bank is expected to hold interest rates steady while investors look for clues on future rate cuts.

Traders adjusted their expectations for rate cuts in September after the stronger-than-expected May jobs data, with the odds of a reduction at 50%. The Dow rose 31.15 points, the S&P 500 gained 3.17 points, and the Nasdaq added 1.60 points.

Apple shares fell 1.9% on the first day of the annual developer conference, where investors are keen for updates on the integration of artificial intelligence. Southwest Airlines saw a 7.6% jump after activist investor Elliott Investment Management disclosed a $1.9 billion stake.

Nvidia shares were up slightly after a 10-for-one stock split, sparking speculation about its inclusion in the Dow. Declining issues slightly outnumbered advancing ones on both the NYSE and the Nasdaq. The S&P 500 and Nasdaq Composite saw multiple new highs and lows.



Read more at Investing.com: Indexes mostly edge up ahead of Fed meeting, CPI By Reuters