Stock market today: World stocks are mixed ahead of this week's Fed meeting

FILE - A person looks at an electronic stock board at a securities firm in Tokyo, on May 27, 2024. Asian stocks were mixed on Tuesday, June 11, in a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve. – World shares were mixed on Tuesday in a busy week that will bring several top-tier reports on U.S. inflation along with a policy meeting of the Federal Reserve.

Hong Kong’s Hang Seng sank 1% to 18,176.34, and the Shanghai Composite lost 0.8% to 3,028.05 after reopening from a public holiday. Markets remained cautious ahead of a report on inflation in China due out Wednesday.On Monday, the S&P 500 rose 0.3% to 5,360.79, topping its all-time high set last week. The Nasdaq composite also set a record after rising 0.3% to 17,192.53, while the Dow Jones Industrial Average gained 0.2% to 38,868.04.

Treasury yields were mixed in the bond market ahead of reports later in the week that will show whether inflation improved last month at both the consumer and wholesale levels.

Source: News Formal (newsformal.com)

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