The tech-heavy Nasdaq led gains, though investors remained cautious ahead of next week's Fed meeting.
Amazon up as Wells Fargo rates 'overweight'June 8 - U.S. stocks closed higher on Thursday regaining some of their momentum thanks to a rebound by technology stocks, while volatility dropped to record lows ahead of an eventful economic and policy calendar next week., also known as Wall Street's fear gauge, dropped to a fresh post-pandemic record low.
Investors were sitting on the sidelines ahead of inflation data and a Federal Reserve policy meeting next week. The two-year Treasury yield , which tends to move in step with short-term rate expectations, slipped from one-week highs to 4.51% after a sharpThe U.S. Labor Department is due to release inflation data on June 13, the first day of the Fed meeting. The numbers are expected to show consumer prices cooled slightly in May but core prices remained sticky.
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