美股下跌，中东新情况刺激油价飙升5%！

Core Viewpoint - The U.S. stock market experienced a decline as traders assessed preliminary trade agreements and recent inflation data, with major indices closing near previous levels [1][4]. Group 1: Stock Market Performance - The S&P 500 index fell by 0.27% to 6,022.24 points, ending a three-day rally [1]. - The Nasdaq Composite index decreased by 0.5% to 19,615.88 points [1]. - The Dow Jones Industrial Average slightly dropped by 1.1 points to 42,865.77 points [1][2]. Group 2: Inflation Data - The U.S. Consumer Price Index (CPI) for May rose by 0.1% month-on-month, lower than the expected 0.2% [4][7]. - Core CPI, excluding food and energy, also increased by 0.1%, indicating a significant easing of inflationary pressures [4][7]. - Year-on-year CPI stood at 2.4%, while core CPI was at 2.8%, both below market expectations [7][8]. Group 3: Economic Insights - Analysts noted that the low inflation figures suggest that recent trade barriers have not immediately driven up prices, possibly due to companies still digesting inventory or being cautious about demand [4][8]. - The housing cost, a major component of CPI, saw its year-on-year growth rate drop to 3.9%, the lowest since late 2021 [8][9]. - The actual purchasing power improved as nominal wage growth outpaced inflation, with real average hourly earnings rising by 0.3% month-on-month [8]. Group 4: Market Reactions and Future Outlook - The market is expected to focus on employment data, corporate earnings, and future monetary policy directions, with the potential for interest rate cuts if inflation remains controlled and economic growth slows [5][9]. - The ongoing trade negotiations and their implications for technology decoupling are seen as significant factors influencing market sentiment [4][9].