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On Monday, May 14th, U.S. stock markets closed mixed. After three consecutive weeks of gains, the S&P 500 experienced a slight decline, with investors poised for upcoming inflation data and earnings reports.
A Federal Reserve Bank of New York survey released on Monday indicates that Americans expect inflation to rise to 3.3% next year, up from 3% in March, and to settle at 2.8% in three years.
Most S&P 500 sectors fell, with notable declines in consumer staples, industrials, and financials. Only information technology and real estate stocks closed higher.
The Dow Jones Industrial Average was down 0.21% and closed at 39,431.51. The S&P 500 declined 0.02%, ending the day at 5,221.42, while the Nasdaq Composite gained 0.29%, finishing the session at 16,388.24.
Asia Markets Today
Eurozone at 06:00 AM ET
Commodities at 06:00 AM ET
US Futures at 06:00 AM ET
Dow futures were up 0.06%, S&P 500 futures gained 0.04%, and Nasdaq 100 Futures rose 0.03%.
Forex at 06:00 AM ET
The U.S. Dollar Index gained 0.02% to 105.24, USD/JPY was up 0.11% at 155.36, and USD/AUD fell 0.02% to 1.5128.
Photo by Pavel Bobrovskiy via Shutterstock
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