- The major Wall Street indices are trading near Thursday’s closing level.
- The Consumer Discretionary Index gains nearly 1% after the opening bell.
- The PCE price index data for May did not offer any big surprises.
The main US stock indices began on the last trading day of the week near Thursday’s closing levels as investors weigh the latest data released in the U.S. At time of writing, the S&P 500 was down 0.05% on the day to 4,264, the The Dow Jones Industrial Average rose 0.15% to 34,247 and the Nasdaq Composite gained 0.1% to 14,380.
The US Bureau of Economic Analysis reported on Friday that the price index for basic personal consumption spending (PCE) rose to 3.4% annually in May as expected. Furthermore, the underlying details of the post revealed that personal expenses were unchanged on a monthly basis, while personal income decreased by 2%.
Among the top 11 sectors in the S&P 500, the consumer discretionary index rose 0.9% after the opening bell. On the other hand, the Real Estate Index remains in negative territory.
S&P 500 chart (daily)
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