U.S. Federal Budget
The U.S. Federal Budget report for May, released on June 12, revealed a significant deficit of $347 billion.
ADP Employment
The ADP Employment Report for May, released on June 5, indicated a job growth of 152,000, which fell short of the forecasted 175,000.
April CPI 3.4% (YOY)
Federal Reserve officials expressed concerns that progress on inflation had stalled.
Indexes Summary: Tech & Insurers
Tech stocks surged following Wednesday’s inflation report. Salesforce (CRM) led the gains, with Microsoft (MSFT) and Apple (AAPL) following.
Dow Jumped 330 Points
Stocks surged on Wednesday, with the Dow Jones Industrial Average achieving its seventh consecutive day of gains
Federal Open Market Committee (FOMC)
On Wednesday, the Federal Reserve’s policy committee unanimously decided to maintain the federal funds rate within its current range of 5.25% to 5.50%.