Wall Street edge down as the last session of the quarter wraps up

Most US stock indices declined on Friday, the last session of both June and the second quarter, following data.

Government data showed US personal spending, the Federal Reserve’s favorite inflation gauge, rose 2.6% y/y in May, slowing down from 2.8%.

It’s the lowest such pace since March 2021, when it pierced the Fed’s targets for the first time in the current economic cycle. 

On trading, Dow Jones rose 0.1%, or 11 points to 39,175 as of 17:47 GMT, while S&P 500 fell 0.1%, or 3 points to 5480, as NASDAQ shed 0.2%, or 44 points to 17,816.