Stock Market Today Dow SP 500 and Nasdaq close at record highs on hopes for Iran war ending oil prices drop Micron extends epic run MarketWatch

Producer-price index barely rises in May. Trade wars haven’t led to more inflation so far.

The Dow Jones Industrial Average ended fractionally lower Wednesday, missing a record close, while the S&P 500 and Nasdaq also fell as investors await the June jobs report.

Initial jobless claims layoffs remained low in the most recent week, showing signs of more stability in the labor market. Claims rose by 1,000 to 200,000 in the week ended…