--- title: "Stock Market Today: June 11, 2024" description: U.S. futures are pointing to a slightly negative start to today’s session, ahead of the Wednesday morning release of the consumer price index for May, followed by an important policy decision from the Federal Reserve in the afternoon. image: https://investor.valueline.com/hubfs/social-suggested-images/iStock_000006488152XSmall-358.jpg --- [![The Value Line Blog](https://investor.valueline.com/hubfs/VL%20Blog%20Images/vl_blog_header.png)](https://investor.valueline.com/blog) [Stock Market Today](https://investor.valueline.com/blog/topic/stock-market-today) # Stock Market Today: June 11, 2024 June 11, 2024 Stocks got the week off on the right foot, highlighted by new record closes for the NASDAQ and S&P 500. However, the futures are pointing to a slightly negative start to today’s session. The major markets in Asia closed mostly lower in overnight trading. Meanwhile, stocks in Europe are trading in the red. Elsewhere, oil prices have trickled lower, with West Texas Intermediate down about 0.5%, to around $77.40 a barrel. The main event this week is the two-day Federal Open Market Committee meeting, which wraps up on Wednesday. The year began with Wall Street expecting the Federal Reserve to make about half a dozen cuts to its overnight target lending rate. However, progress on the inflation front has stalled of late, with both consumer and producer price increases still running higher than the central bank would like. As a result, most market watchers expect the Fed to stand pat this week, and keep the rate unchanged through September, at least. Nonetheless, traders will be keen to hear what Chairman Jerome Powell has to say about the lead bank’s outlook. Wednesday morning will bring the latest reading on the Consumer Price Index (CPI) from the Bureau of Labor Statistics. The consensus is largely calling for the 12-month rate through May to remain unchanged at 3.4%, but the month-over-month rate of increase is expected to tick down to 0.1%, versus 0.3% in April. On Thursday, we get a few more inflation data points via the Producer Price Index (PPI), which measures the change in prices for manufactured goods. Forecasts are calling for the month-to-month figure to dip to around 0.1%, versus the 0.5% gain registered in April. Meanwhile, the core PPI (which excludes food and energy costs) is expected to edge down to 0.3%, from 0.5% the month before. That day will also bring the Department of Labor’s latest report on initial jobless claims, which are widely anticipated to dip to around 222,000, or 7,000 below the prior-week’s tally. Summing up Monday’s moves for the major indexes, the Dow Jones Industrials advanced 69 points, or 0.2%, while the S&P 500 gained 13 points (0.3%) and the NASDAQ was up 59 points (0.4%). - Mario Ferro *At the time of this article’s writing, the author did not have positions in any of the companies mentioned.* [CLICK HERE](https://investors.valueline.com/) for more information on our services or call 1-800-VALUELINE (1-800-825-8354). Our account managers are available Monday through Friday, 8:00 AM to 6:00 PM Eastern Time. [![Register now for our free One Stock to Buy webinar](https://no-cache.hubspot.com/cta/default/2532383/5a80130b-f0ce-4bd8-acbd-f077f2232ec5.png)](https://cta-redirect.hubspot.com/cta/redirect/2532383/5a80130b-f0ce-4bd8-acbd-f077f2232ec5) ### Popular Posts Search Search Blog ### Topics - [Investing 101 (2)](https://investor.valueline.com/blog/topic/investing-101) - [Market Commentary (37)](https://investor.valueline.com/blog/topic/market-commentary) - [Stock Highlights (390)](https://investor.valueline.com/blog/topic/stock-highlights) - [Stock Market Today (2071)](https://investor.valueline.com/blog/topic/stock-market-today) Copyright 2026 Value Line, Inc. All Rights Reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind. VALUE LINE IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN OR ANY DAMAGES OR LOSSES ARISING FROM ANY USE OF THE INFORMATION CONTAINED HEREIN. This blog is strictly for subscriber's own, non-commercial, internal use. No part of it may be reproduced, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product. Officers, directors, or employees of Value Line, Inc. and its affiliates and subsidiaries, and EULAV Asset Management, may own stocks that are featured in this email. Nothing herein should be construed as an offer to buy or sell securities or to give individual investment advice. Value Line, the Value Line logo, The Most Trusted Name in Investment Research, “Smart research. Smarter investing.”, The Value Line Investment Survey, Timeliness, and Safety are trademarks or registered trademarks of Value Line, Inc. and/or its affiliates in the United States and other countries.