The US stock market has shown signs of volatility as traders react to a cooler-than-expected inflation report while navigating the complexities of the ongoing US-China trade negotiations. Wall Street experienced a rally after the May inflation data indicated a moderate increase, leading to heightened hopes for potential Federal Reserve interest rate cuts. However, amidst optimism, the market faced setbacks as details of the US-China trade deal remained sparse, causing the S&P 500 and other major indices to waver and ultimately close lower after breaking a three-day winning streak. Analysts note that while inflation trends appear to be easing, concerns over trade negotiations continue to influence market performance, resulting in a mixed trading environment. Investors are now closely monitoring how recent economic indicators will impact future market movements and Federal Reserve policy.