U.S. Stocks Rise on Cooler Inflation data and Trade Progress
U.S. stocks climbed as inflation data came in cooler than expected.This has raised hopes that the Federal Reserve might cut interest rates. On June 11,the Dow jones gained nearly 200 points,or 0.45%, while the S&P 500 and Nasdaq also saw gains.
Traders are closely watching the Federal Reserveās next moves. The Dow Jones Industrial Average rose by nearly 200 points on June 11. The S&P 500 and tech-heavy Nasdaq also saw modest increases.
Markets are responding positively to trade news. President Donald Trump announced a deal with China over rare earth minerals. This was a meaningful issue in trade negotiations. China also sought access to U.S. advanced microchips for AI advancement.
lower-than-expected inflation figures, at 2.4% year over year, suggest room for rate cuts. This could boost economic growth. Though, the Fed is cautious about inflation risks linked to Trumpās tariffs.
Trump and Vice President JD Vance are pressuring the Fed to cut rates. Vance accused the fed of āmonetary malpracticeā for not lowering rates.Lower rates could boost stocks and economic growth, possibly improving Trumpās approval ratings.
Tesla shares rose 1.44% after CEO Elon Musk apologized for his comments about Trump. Musk suggested Trump might be connected to Epsteinās crimes.