Zhong Guo Neng Yuan Wang·2025-06-12 03:51Market Overview - The three major U.S. stock indices experienced slight declines, with the S&P 500 ending a three-day winning streak as investors assessed international trade developments and the U.S. Consumer Price Index (CPI) for May [1] - Traders increased bets on the Federal Reserve initiating interest rate cuts in September, with President Trump urging the Fed to lower rates again [1] Index Performance - The Dow Jones Industrial Average closed at 42,865.77, down 1.10 points; the Nasdaq Composite fell 99.11 points (0.50%) to 19,615.88; the S&P 500 dropped 16.57 points (0.27%) to 6,022.24 [2] - The S&P 500 index had six out of the last seven trading days in the green, remaining less than 2% below its record high set in February [2] Sector Performance - The S&P 500's eleven sectors saw seven decline and four rise, with Consumer Discretionary and Materials leading the losses at 1.02% and 0.98%, respectively; Energy and Utilities led the gains at 1.49% and 0.05% [3] - Major tech stocks mostly declined, with Intel dropping over 6% after Apple announced it would end support for Intel chips in its macOS, marking the end of a 20-year partnership [3] - Financial stocks mostly fell, with U.S. Bancorp down over 2%, while some firms like UBS, Goldman Sachs, and Deutsche Bank saw gains of over 1% [4] - Energy stocks rose across the board, with U.S. Energy up over 8%, and several companies like Petrobras and ConocoPhillips gaining over 3% [4]