Overview

• The S&P 500 rose 0.4% on June 12 after the Producer Price Index showed a 0.1% gain in May, below economists’ forecasts.
• Oracle shares jumped over 13% following quarterly results that reported $1.70 in adjusted earnings per share, 11% revenue growth to $15.9 billion, and a 52% surge in cloud infrastructure sales.
• Boeing shares declined roughly 5% after an Air India Boeing 787 Dreamliner crashed in Ahmedabad, India, killing more than 200 people.
• President Trump threatened to send ultimatum letters on tariffs to key trading partners, rattling investor sentiment and adding volatility.
• Bond yields slipped after back-to-back low inflation reports, deepening market expectations that the Fed will hold rates steady or begin cuts later this year.