Evening Market Recap - Wednesday, 12-Jun

US equities finished mostly higher in Wednesday trading, with the Dow Jones closing down 9bps, while the S&P500 and Nasdaq closed up 85bps and 153bps respectively. risk-on sentiment was driven by renewed disinflation traction from a cooler than expected May CPI print, with headline flat and core up only 0.2% m/m. Little surprise from today's June FOMC meeting. Fed left rates unchanged, as expected, and updated dot plot showed just one rate cut in 2024. Oracle missed but stock rallied on strength in RPOs, upbeat 2025 guidance and new AI-driven cloud deals.