Family offices ramp up dealmaking in June with bets on biotech CNBC

The board's Consumer Confidence Index slipped to 98.3 for the month, down nearly 7% and below the Dow Jones forecast for 102.3.

The moves followed a choppy week in which valuation fears, a rotation within the market and a recalibration of Fed rate cut expectations pressured the AI trade.

The S&P 500 and the Nasdaq Composite climbed to new records as traders shook off worries about the Middle East conflict.