June 25, 2026

Stock indices are trading mixed as investors await today's PCE inflation data

Internacional

The major U.S. stock indices posted mixed results yesterday. The S&P 500 fell -0.1%, in line with the Nasdaq, which dropped -0.4%, while the Dow Jones was the exception, rising +0.4%. As a result, the indices are up +7.5%, +9.6%, and +7.9% year-to-date, respectively.

Today, the United States will release its first-quarter Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index for May. GDP is expected to come in at +1.6% on an annualized basis, up from the previous +0.5%. As for the PCE, a year-over-year increase of +4.1% is projected, compared to the previous +3.8%, while the core PCE (excluding food and energy) is expected to rise +3.4% year-over-year, compared to the previous +3.3%.

As for U.S. Treasury yields, the yield curve flattened across the board at yesterday’s close. The 1-year Treasury yield stood at 3.97%, slightly below the previous level of 3.99%, while the 3-year Treasury yield fell from 4.22% to 4.15%. Finally, for the 10-year maturity, the yield narrowed from 4.50% to 4.40%.

Finally, in the commodities market, price movements were mostly negative. Oil led the declines, with WTI falling -4.5% to close at USD 69.9 per barrel, and Brent dropping -5.1% to USD 73.2. Gold also lost ground, falling -3.0% to close at USD 3,994.1 per ounce, while soybeans posted a more moderate decline of -0.8% to USD 407.0 per metric ton.