Mixed economic data causes uncertainty on Wall Street
TL;DR Summary
US stocks closed higher as investors awaited inflation data and the Federal Reserve's policy meeting next week. Financials led gains among the 11 major S&P 500 sectors, while the KBW regional banking index jumped 5.41%. The Russell 2000 index of small-cap companies added 2.69%. Coinbase plunged 12.09% after the US Securities and Exchange Commission sued the crypto exchange, accusing it of illegally operating without having first registered with the regulator.
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- Nasdaq Rises 70 Points; ISM Services PMI Drops In May - Bellerophon Therapeutics (NASDAQ:BLPH), Circor In Benzinga
- Wall Street edges up but crypto-related stocks suffer on SEC lawsuits Financial Times
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