Market Dip Amid Fed Signals | US News

Stocks took a minor dip yesterday, led by tech, but Meta Platforms gained thanks to reports of a new AI cloud business — a potential lifeline for its lagging shares. Fed Chair Kevin Warsh signaled inflation may be cooling and reaffirmed commitment to the 2% target, rejecting calls for rate cuts. Oil prices surged, and traders still expect at least one hike this year. Meanwhile, semiconductors plunged amid holiday caution and U.S.-Iran tensions. The market’s strong run — best quarters since 2020 — paused slightly, with all major indices closing lower. Jobs data arrives today, and trading shuts down tomorrow for Independence Day. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e0e7805dc7e504b5