Asia Markets Mixed, Europe Gains, Dollar Hit by Fed Concerns And Cooling Inflation - Global Markets Today While US Slept

On Wednesday, June 25, U.S. markets closed mixed, with the Nasdaq lifted by tech shares while the S&P 500 remained flat. Fed Chair Jerome Powell’s second day of congressional testimony reiterated the central bank’s wait-and-see approach to rate cuts.

Nvidia’s market value surged, making it the world’s most valuable company. Economic uncertainty weighed on corporate guidance, with notable declines from Tesla, FedEx, and General Mills. BlackBerry and Micron saw strong gains.

According to economic data, U.S. new home sales fell by 13.7% to 623,000 units in May, while building permits dropped by 2% to 1.394 million.

Most S&P 500 sectors closed lower, with real estate, consumer staples, and utilities posting the largest losses, while information technology and communication services stocks ...