⚠️BREAKING: *S&P 500, NASDAQ RISE TO FRESH 1-YEAR HIGHS AS U.S. STOCKS OPEN HIGHER AFTER MAY INFLATION DATA $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
and Nasdaq rose to fresh one-year highs on Tuesday after data showed consumer prices rose modestly in May, cementing bets that the Federal Reserve could skip raising interest rates at the end of its policy meeting on Wednesday.
On a year-on-year basis, headline inflation increased by a lower-than-estimated 4.0%, reflecting declines in the cost of energy products and services, including gasoline and electricity.
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