U.S. stocks fell slightly Monday as traders anticipated the Federal Reserve’s interest rate decision and May inflation statistics. The S&P 500 declined 0.2%, while the Nasdaq Composite fell 0.3%.
The Dow Jones Industrial Average nudged higher. Nvidia stock fell 1% when the stock’s 10-1 split took effect.
The Fed’s upcoming rate decision and May’s consumer price index, both due on Wednesday, could be crucial tests for markets, especially after Friday’s strong jobs report suggested the central bank could delay cutting rates.
Source (CNBC)
