(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Traders add to Fed rate cut bets as inflation eases * Nike ( NKE ) slumps after results * Infinera ( INFN ) jumps after Nokia to buy company * Indexes up: Dow 0.16%, S&P 0.27%, Nasdaq 0.31% (Updated...

01:06 PM EDT, 06/28/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds, including IWM and IVV, were mixed, with the latter trading lower on Friday. Actively traded Invesco QQQ Trust (QQQ) was down 0.1%. US equity indexes were mixed with most government bond yields after data showed the Federal Reserve's preferred inflation was in line with market expectations for...

12:04 PM EDT, 06/28/2024 (MT Newswires) -- US equity indexes rose with most government bond yields after data showed the Federal Reserve's preferred inflation was in line with market expectations for May. The Nasdaq rose 0.3% to 17,908.1, with the S&P 500 up 0.3% to 5,497.8 and the Dow Jones Industrial Average 0.3% higher at 39,233.61. Energy and technology led...

* PCE price index flat in May; up 2.6% on year-on-year basis * Core PCE edges up 0.1%; rises 2.6% on year-on-year basis * Consumer spending gains 0.2%; personal income up 0.5% By Lucia Mutikani WASHINGTON, June 28 (Reuters) - U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the...