03:34 PM EDT, 06/11/2025 (MT Newswires) -- US benchmark equity indexes are on track to close lower on Wednesday, as investors parse the deceleration in May's consumer inflation and a preliminary US-China trade framework.

The Dow Jones Industrial Average was down 0.2% to 42,797.32, while the Nasdaq Composite decreased 0.7% to 19,580.82. The S&P 500 was down 0.5% to 6,011.69. Among sectors, energy was the sole gainer, while consumer discretionary had the steepest decline.

Starbucks ( SBUX ) shares were up 4.3%, the top gainer on the S&P 500. The company has drawn "a lot of interest" in its move to explore a partnership with outside investors for a minority stake in its China business, the Financial Times reported, citing Chief Executive Brian Niccol.

Franklin Resources ( BEN ) shares climbed 2.5%. Goldman Sachs raised the price target on the company's stock to $22.50 from $21.50 and maintained its neutral rating.

Intel ( INTC ) shares were down nearly 6.7%, the steepest decline on the S&P 500.

Nucor ( NUE ) shares declined 6.5% a day after media outlets reported that the US and Mexico are in talks to remove the 50% tariffs imposed by President Donald Trump on steel imports from Mexico by capping imports to a certain volume.

The 10-year US Treasury yield was down 6.4 basis points to 4.42%, while the two-year rate decreased 8.2 basis points to 3.95%.

July West Texas Intermediate crude oil was up 4.6% to $67.99 a barrel.