Wall Street

Stock Market Today – 6/10: Stocks Edge Lower As Key Inflation Data Looms

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The Street

By Martin Baccardax Stocks are edging lower ahead of a crucial reading for May CPI that could challenge the market’s theory on ‘peak inflation’ in the world’s biggest economy. U.S. equity futures edged lower Friday, following on from a late-hour sell-off on Wall Street that loped more than 600 points from the Dow, as investors nervously awaited a crucial reading of May inflation ahead of the start of trading. Core consumer price pressures are expected to moderate from multi-decade peaks, according to consensus forecasts for Friday’s all-important CPI reading, but the ongoing surge in oil and e…

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