June Inflation Slows to 3.5%, US Stocks Rise
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- June inflation slowed to 3.5%, with the WSJ attributing the cooling to lower gasoline prices and Yahoo Finance pointing to sliding energy prices as the driver
- US stocks rose on the soft inflation data, but CNBC notes futures turned flat and IBM plunged in a notable divergence from the broader market rally
Why it matters: A cooler June inflation print eased immediate fears about price pressures, but the flat futures and IBM selloff show the relief trade was selective — some names moved on company-specific factors rather than the macro headline, underscoring that soft data alone isn't lifting everything.
