S&P 500 futures rise after light June inflation data, Dow futures weighed down by IBM: Live updates
US inflation cooled in June, driving S&P 500 futures higher as energy prices slid.
Velocity timeline
How fast coverage is spreading — measured hourly from article rate × source diversity. How this works →
The brief
Consumer prices rose 3.5% annually in June, a figure that was lower than expected. According to Bloomberg, this marks the first time the US CPI has fallen since 2020, although the core gauge remained unchanged.
Coverage from CNBC, Yahoo Finance, and KCCI emphasizes that the cooldown was primarily driven by a slide in energy and oil prices. While some prices dropped, coverage from KCCI notes that other prices increased.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: unsupported claims removed (80% supported) Updated 19m ago.
Quick answers
What was the annual inflation rate in June?
Consumer prices rose 3.5% annually in June.
What caused the decrease in inflation?
The cooling was attributed to easing energy and oil prices.
How did the core inflation gauge perform?
According to Bloomberg, the core gauge remained unchanged.
Coverage (6)
- Inflation cools more than expected in June as gas costs fall and underlying prices ease PBS · 3h ago
- Consumer prices rose 3.5% annually in June, less than expected as energy prices eased CNBC · 3h ago broke it first
- Inflation cools in June as oil prices drop. Here’s where prices dropped and where they increased KCCI · 3h ago
- Inflation cooled off in June as energy prices slid Yahoo Finance · 5h ago
- US CPI Falls for the First Time Since 2020, Core Gauge Unchanged Bloomberg.com · 5h ago
- Consumer prices rose 3.5% annually in June, less than expected as energy prices eased CNBC · 5h ago broke it first
People, places & organizations
Topics
Related trends
Stock Market Today: Dow, Nasdaq Move Higher; IBM Sinks 24%; Warsh Hearing Live
Wall Street banks are reporting surging profits driven by a red-hot quarter in trading and investment banking.
IBM stock crashes after major warning
IBM stock is facing its worst day ever after a Q2 earnings warning and a significant shift in customer AI spending.
IBM shares skid more than 20% after company warns second-quarter earnings fell short of expectations
IBM shares plummeted over 20% after the company warned that second-quarter revenue and earnings fell short of expectations.
Oil Holds Gains as Iran Stokes Inflation Worries: Markets Wrap
Oil prices are climbing and stock futures are mixed as investors await critical inflation data and bank earnings reports.
US consumer inflation likely increased at a slow pace in June as gasoline prices retreated
US inflation reports for June suggest a potential slowing in price increases as gasoline costs decline, though underlying pressures persist.
Tariff refunds accelerated sharply in June as the US paid out almost $50 billion to businesses
The US government accelerated tariff refunds in June, distributing nearly $50 billion to businesses.