Stock Market Today: Live Update

Stock waves on Wednesday as a recent run run of stock, as traders weighed an initial US-China trade agreement and new inflation figures.

S&P 500 Lost 0.4%, while Nasdac Composite About 0.6%submerged. Dow jones industrial average Shed 48 points, or 0.1%.

The traders rebuked in profits during the recent rally during Wednesday afternoon trading. S&P 500 has increased in six out of the last seven business days and was less than 2% from a record in February. At one point, the benchmark index was about 20% below a record.

Consumer price index increased 0.1% From April in May, an estimate of 0.2% from economists voted by Dow Jones. The core CPI, which removes unstable food and energy prices, increased less than expected.

Alexandra Wilson-Elizo, a global co-CIO of Multi-Asset Solutions at Goldman Sachs Asset Management, said, “Less compared to inflation in May, tariffs are not a major impact as companies are using existing inventors or are slowly adjusting prices due to uncertain demand.

Wilson-Elizondo said, “As we wait for a 90-day tariff to stop, the market will be caught between inflation and job prints. If inflation remains under control or the job market becomes weak, the federal reserve will probably consider cutting interest rates below the road,” said Wilson-Elisodo.

Discussion between the US and Chinese authorities is an important for investors this week who remain on an edge about business policy.

Reached officers A consensus after two days of conversation In London, but said that they would demand approval on structure from the US and Chinese Presidents before implementing it. As part of the structure, China will approve the export of rare earth minerals, while the US will withdraw sanctions on the sale of advanced technology to China.

Even framework is being finalized, Commerce Secretary Howard Lutnik said on Wednesday that American tariff on US imports will not change From their current levels.

President Donald Trump Stated earlier in a true social post The deal with China is “signed with President Xi and the final approval with me.” As part of the deal framework, he said that Magnets and “any essential rare earth” will be supplied by China and the US will allow Chinese students to participate in American colleges and universities, saying that “we are getting a total of 55% tariffs, China is getting 10%.”

– CNBC's Evelyn Cheng contributed to reporting.