Dow Jones Breaks 43,000, Palantir Hits New Record Highs: What's Driving Markets Wednesday?

Economic Indicators - Annual consumer inflation in the U.S. rose to 2.4% in May, slightly below the forecast of 2.5% [2] - Core inflation remained steady at 2.8%, also softer than expected [2] - Treasury yields fell, with the 10-year yield dropping five basis points to 4.43% [3] Stock Market Performance - The Dow Jones Industrial Average increased by 0.3% to 42,976.07, while the Russell 2000 rose by 0.2% to 2,159.81 [4] - The S&P 500 remained flat at 6,036.78, and the Nasdaq 100 decreased by 0.1% to 21,924.84 [4] - The Vanguard S&P 500 ETF (VOO) was flat at $553.99, while the SPDR Dow Jones Industrial Average ETF (DIA) inched up 0.2% to $430.23 [7] Notable Stock Movements - Palantir Technologies Inc. (PLTR) rose 3.6% to a record high of $137 after Mizuho analysts raised their price target [7] - Starbucks Corp. (SBUX) rallied 3.4% following price target increases from Citigroup and RBC to $95 and $100, respectively [7] - Lockheed Martin Corp. (LMT) fell over 5% due to reports of the U.S. Air Force planning to cut F-35 fighter jet procurement by half [7]