Inflation Anxiety Impacts Stock Market and Investor Sentiment.

The stock market rose after a milder inflation report, with the Nasdaq composite and S&P 500 up 0.7% and the Dow Jones Industrial Average up 0.5%. Small caps outperformed, with the Russell 2000 rallying 1.1%. Nvidia climbed 3% and reached a $1 trillion market cap, while Tesla extended its historic run. Apple fell 0.3% but is still near record highs and will reach a $3 trillion market capitalization with a move above 190.73. The May CPI data should motivate the Federal Reserve to leave interest rates unchanged at this week's policy meeting, but it may not be the end of the current tightening cycle.