On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in May after increasing 0.1% in April, the Bureau of Labor Statistics announced. The index for all items less food and energy rose 0.1% in May after rising 0.3% in April.

Real average hourly earnings decreased by 0.1% in May, seasonally adjusted. Average hourly earnings increased 0.3% and the CPI-U increased 0.4%. Real average weekly earnings decreased by 0.1%.

In the week ending June 13, the advance figure for seasonally adjusted initial claims for unemployment insurance was 267,000, a decrease of 12,000 from the previous week’s unrevised level of 279,000, the Labor Department reported. The four-week moving average was 276,750, a decrease of 2,000 from the previous week’s unrevised average of 278,750.

The average interest rate for a 30-year fixed-rate mortgage is 4.00%, down from 4.04% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.23%, down from 3.25%.

Yesterday, the Dow was up 180.10 points (1.00%) at 18,115.84, the NASDAQ climbed 68.07 points (1.34%) to 5,132.95, and the S&P 500 increased 20.11 points (0.96%) to 2,120.55. The Russell 2000 gained 16.30 points (1.28%) to finish at 1,284.63, and the Wilshire 5000 closed 214.51 points (0.96%) higher at 22,453.40.

On the NYSE, 3.2 billion shares changed hands, with advancers outnumbering decliners nearly 2 to 1. On the NASDAQ, nearly 2.9 billion shares traded, with 2.3 advancing issues for every declining issue.

The price of the 10-year Treasury note was down 5/32, increasing its yield to 2.335%. The price of the 30-year Treasury bond decreased 17/32, bringing its yield up to 3.124%.

ON THIS DATE: In 1905, about 450 people attended the opening day of the world’s first nickelodeon (nickel theater), located in Pittsburgh, Pennsylvania, and developed by the showman Harry Davis. In 1910, the first Father’s Day was celebrated in Spokane, Washington. In 1912, the U.S. government established the eight-hour work day. In 1934, the U.S. Congress established the Federal Communications Commission (FCC) to regulate radio broadcasting. In 1953, Julius and Ethel Rosenberg, who were convicted of conspiring to pass U.S. atomic secrets to the Soviets, were executed at Sing Sing Prison in Ossining, New York. In 1964, the Civil Rights Act of 1964 was approved after surviving an 83-day filibuster in the U.S. Senate. In 1971, Carole King earned her first No. 1 single as a performer with the double-sided hit “It’s Too Late/I Feel The Earth Move.” In 1978, the comic strip Garfield was in newspapers around the U.S. for the first time.

And now it’s time for FRIDAY FILES!

In Ngawha, New Zealand, a 23-year-old pulled over by police thought he would be clever and give officers a fake name. However, a person by the name he gave them was wanted for breaching bail conditions, so officers took him to jail. Officials eventually found out who he really is, but unfortunately, he is still in jail for driving while disqualified, giving false details and per.verting the course of justice.

In Lyden, Washington, the Washington State Patrol responded to a report of an elderly woman riding her scooter in circles on a stretch of highway. A trooper said the woman told him she had been riding around in circles because she was lost. According to UPI, the trooper drove behind the woman at 6 mph to escort her to her home four miles away. Kudos to him!

In Fort Lauderdale, Florida, a 19-year-old called 911 to report she had been cheated during a purchase—of mari.juana. A deputy went to the woman and found another drug in her pocket. She’s been jailed for poss.ession and misusing the 911 system.

In Presque Isle, Maine, a woman climbed 75 feet up a tree to rescue her cat. Once up there, she panicked and called 911 for help. According to the local ABC TV station, the fire department came with a ladder truck and brought her to safety. The cat ended up climbing down on its own.

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