BofA raises PT on Intel (INTC.O) to $135.00 from $96.00; upgrades rating to Buy from Underperform.

Nasdaq futures turned positive after an earlier 1% decline.

U.S. May core CPI rose 0.2% MoM, below the 0.3% consensus. U.S. Treasuries strengthened; yields mostly fell by under 1bp, with the two‑year at 4.11% versus about 4.13% earlier. Bond traders continue to price a Federal Reserve rate increase before year‑end. The print was seen as easing some pressure ahead of Kevin Walsh's first meeting as Fed chair next week. Dan Carter, senior portfolio manager at Fort Washington Investment Advisors, said: "This gives the Fed a bit of breathing room."