Stocks close mixed - Closing Bell - Marketplace Minute - June 25, 2021

6-25-21 NMG/MM Closing Bell/KarrEpisode Title: Stocks close mixed - Closing Bell Episode Summary: The Federal Reserve’s preferred inflation gauge was up less than expected last month; Vice President Kamela Harris visits the U.S.- Mexico border; and FedEx reports fourth quarter results. GONG :02 This is the Marketplace Minute. I’m Nancy Marshall Genzer. STORY 1 Stocks...closed mixed The Dow ended up...about seven tenths percent. The S&P gained about a third of a percent. And the NASDAQ was down...six tenths percent. STORY 2 The Federal Reserve’s preferred inflation gauge, was up less than expected in May. Core PCE rose a half percent. This month-to-month number is the one everyone’s watching right now....because it tells us whether inflation really is temporary.... as the Fed is insisting. STORY 3 Vice president Kamala Harris visited the US Mexico border at El Paso, Texas. Harris talked about the “root causes” of migration. Including poverty, crime and corruption. STORY 4 *** CUT THIS FOR DEMO PUBRADIO VERSION And FedEx reported higher than expected fourth quarter sales and profits. It was boosted by continued growth in e-commerce. And increases in business shipping. As more companies re-opened. FedEx sales were up 30 percent over the same time last year. ***CLOSE I’m Nancy Marshall Genzer with the Marketplace Minute.

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