Stock Indexes Slip After Muted Inflation Report
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and what GMC has done for over 100. We are professional grade. Visit GMC.com to learn more. Assembled in Flint and Hamtramck, Michigan and Fort Wayne, Indiana of U.S. and globally sourced parts. Here's your closing bell brief for Wednesday, June 11th. I'm Danny Lewis for The Wall Street Journal. Stock indexes slipped after a muted inflation report.

The Dow Jones Industrial Average remained about flat, falling a point to close at 42,866. The S&P 500 lost 17 points, and the Nasdaq declined 99 points. Fresh data showed the annual rate of inflation edged up to 2.4 percent in May, a tenth of a percent from the month before. That matched economists' expectations, but monthly inflation undershot forecasts at 0.1 percent, and core consumer price index readings were softer than expected.

President Trump responded to the data by repeating calls for the Federal Reserve to slash interest rates by a full percentage point. And after negotiators worked this week getting the trade truce between the U.S. and China back on track, Treasury Secretary Scott Besant said the Trump administration might extend its 90-day pause on reciprocal tariffs with countries it views as negotiating in good faith. In individual companies trading today...

Shares of nuclear technology company Oklo surged 29.5% after it was selected to power an Alaskan Air Force base. Pet supplies retailer Chewy logged stronger than expected quarterly results, but investors were disappointed by its annual sales outlook. Shares dropped 11%. And shares of General Motors rose almost 2% after it announced a $4 billion plan to produce more vehicles in the U.S. in order to avoid tariffs.

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