New Inflation Figures Sober Stock and Bond Markets
1. June CPI shows inflation hitting 2.7%, up from 2.4%. 2. S&P 500 declines 0.4% amidst rising bond yields. 3. Higher inflation raises uncertainty about Federal Reserve's actions. 4. Bank stocks decline despite earnings from major banks beating expectations. 5. Nvidia eases export restrictions, contributing to Nasdaq gains.