The US dollar weakened following data showing unchanged monthly inflation in May, while Treasury yields rose.

Global stock indexes retraced their early gains, with the Nasdaq, S&P 500, and MSCI world stock index reaching new highs before declining.

The PCE price index grew 2.6% in the year ending in May, following a 2.7% gain in April. The market appeared primarily focused on the PCE report, but volume on Wall Street increased as the FTSE Russell completed the reconstitution of its indices.

The S&P 500 lost 22.39 points, while the Dow Jones Industrial Average rose 8.3% and the Dow fell 1.7%. Trump Media & Technology Group saw a 10.8% decline at the end of the day.

U.S. Treasury yields increased amidst political unrest and political unrest, with the yield on the benchmark 10-year U.S. note increasing by 10.4 basis points.

The euro gained 0.1% to $1.0713, while the dollar index decreased by 0.05% to 105.84.