证券时报·2025-06-12 00:20Market Overview - US stock indices experienced slight declines, with the S&P 500 ending a three-day rally as investors assessed international trade developments and the May Consumer Price Index (CPI) [1][2] - The Dow Jones fell by 1.10 points to 42865.77, the Nasdaq dropped by 99.11 points (0.50%) to 19615.88, and the S&P 500 decreased by 16.57 points (0.27%) to 6022.24 [2] Inflation Data - The May CPI rose by 0.1% month-over-month, which was below market expectations, maintaining an annual inflation rate of 2.4% [3][5] - Core CPI, excluding food and energy, increased by 0.1% month-over-month and 2.8% year-over-year, also lower than anticipated [5][8] - The data indicates that the tariff policies implemented by the Trump administration have not significantly impacted inflation [4][7] Trade and Economic Policy - The Trump administration continues to push for trade negotiations, with tariffs imposed on a wide range of imported goods [6] - Following the CPI release, traders increased bets on the Federal Reserve initiating interest rate cuts in September [7][8] Sector Performance - In the S&P 500, seven out of eleven sectors declined, with consumer discretionary and materials leading the losses at 1.02% and 0.98%, respectively [10] - Energy stocks saw an overall increase, with major companies like ExxonMobil and Chevron rising over 1% [11] - Technology stocks mostly fell, with Intel dropping over 6% after Apple announced it would cease support for Intel chips in its macOS [9][10]