Here are five key things investors need to know to start the trading day:
The major stock indexes saw modest moves Monday in light of trade talks between the world’s two largest economies. The talks in London between the United States and China were set to continue Tuesday, raising hopes for an agreement. The S&P 500 gained a modest 0.09%, while the Nasdaq Composite rose 0.31% for the day. The Dow Jones Industrial Average, meanwhile, lost 1.11 points. Follow live market updates.
unveiled a slew of software updates for consumers at the company’s annual Worldwide Developers Conference, but had relatively few splashy announcements. The tech giant’s biggest update was a new operating system called “Liquid Glass” that will change the way Apple devices, from iPhones to Macs, will look and is the first major change since 2013. The new OS will be available to all consumers in the fall after testing. Apple also doubled down on games, added new features, including lyric translation to Apple Music, and introduced new options for its Vision Pro headset, among other things.
Americans’ inflation fears eased in May, according to the latest New York Federal Reserve survey. The one-year inflation outlook saw a significant dip, falling to 3.2%. That was a 0.4 percentage point drop from April, the survey showed. And the outlook for the three-year horizon dropped 0.2 percentage point to 3%, while the five-year forecast slipped to 2.6% from 2.7%. Those are still higher than the Federal Reserve’s goal of 2% inflation, but show improvement after President Donald Trump backed off his most severe tariff proposals.
