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MarketWatch MarketPulseJun 11, 2021
S&P 500 ends week at record as investors brush off inflation rise
Stocks ended a choppy session in positive territory Friday, with the S&P 500 logging its second consecutive record close a day after a hotter-than-expected rise in the May consumer-price index. The Dow Jones Industrial Average rose around 15 points, or less than 0.1%, to close near 34,480, according to preliminary figures. The S&P 500 rose around 8 points, or 0.2%, end near 4,248, while the Nasdaq Composite gained around 49 points, or 0.4%, to finish near 14,069. The Dow lost ground for the week, however, falling by around 0.8%, while the S&P 500's record push left it up just 0.4%. The Nasdaq Composite booked a weekly gain of 1.9%, outpacing its peers as Treasury yields fell.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJun 11, 2021
S&P 500 opens higher Friday, aims to end week at a record ahead of big Fed policy update
U.S. equity benchmarks rose modestly early Friday, looking to end the week on a positive note after the S&P 500 logged a record close despite another round of hotter-than-expected inflation data. Investors are now looking to the start on June 15 of the Federal Reserve's two-day policy meeting. The S&P 500 index was heading 0.1% higher at 4,244, the Dow Jones Industrial Average gained 0.3% at 34,552, while the Nasdaq Composite Index advanced less than 0.1% at 14,022. The U.S. economic calendar is light following Thursday's inflation fireworks. A preliminary June consumer sentiment index reading is due at 10 a.m. Eastern. On Thursday, stocks and government debt rallied, despite data that showed the rate of U.S. consumer inflation over the past year escalated to a 13-year high of 5% from 4.2% in the prior month. That put it at the highest level since 2008, when the cost of oil hit a record $150 a barrel. Before that, the last time inflation was as high was in 1991. In corporate news, meme stocks remain in focus, with shares of AMC Entertainment Holdings Inc. up more than 6% in premarket trading Friday, after falling 22.2% over the past two sessions. The stock and other meme stocks, took a hit Thursday after GameStop Corp. .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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