Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.3%) holds a modest gain going into the final 30 minutes of today's session.

The market received some noteworthy economic data this week, headlined by May CPI (0.1%; Briefing.com consensus 0.2%) and May PPI (0.1%; Briefing.com consensus 0.2%). Next week will also bring a sizable data slate with May Retail Sales (prior 0.1%) and May Industrial Production (prior 0.0%) scheduled for a Tuesday release, followed by May Housing Starts (prior 1.361 million) on Wednesday. The FOMC will release its latest policy statement on Wednesday, though the market has no expectations for a rate cut to be announced at this time.