The University of Michigan Consumer Sentiment index was revised higher to 49.5 in June 2026, up from a preliminary reading of 48.9US markets end in red on Friday – Latest News
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27 Jun 2026
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US markets ended in red on Friday as semiconductor stocks fell amid concerns about escalating infrastructure costs. Sentiment remained cautious after President Donald Trump accused Iran of violating the ceasefire agreement by firing at cargo ships transiting the Strait, highlighting the fragility of the truce. On the economic front, revised data released by the University of Michigan showed the University of Michigan Consumer Sentiment index was revised higher to 49.5 in June 2026, up from a preliminary reading of 48.9, although it remained slightly below forecasts of 50. Still, sentiment improved from 44.8 in May, the lowest level on record, supported in part by a moderation in gasoline prices. The expectations gauge was at 50.7, the highest in three months, compared to 49.3 in the initial estimate, as consumers’ worries over long-term consequences of the Iran conflict appear to be easing. Besides, the U.S. Department of Commerce reported that the personal consumption expenditures (PCE) price index, the Fed’s preferred inflation gauge, rose 4.1 percent year-on-year in May, up from 3.8 percent in April. On a monthly basis, headline PCE increased 0.4 percent.Â
Nasdaq decreased 60.98 points or 0.24 percent to 25,297.61, S&P 500 was down 3.47 points or 0.05 percent to 7,354.02 and Dow Jones Industrial Average fell 44.51 points or 0.09 percent to 51,876.11.
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