Wall Street experienced a rude awakening the day after the Federal Reserve’s June policy meeting, as investors sold off risky assets and shifted to safer bonds and cash in response to the latest batch economic data. Although May’s producer inflation was lower than expected, reinforcing the disinflation narrative and likely boosting the Fed’s confidence on the return to the 2% target, an unexpected increase in unemployment claims dampened risk sentiment, as investors fear symptoms of labor market weakness. The S&P 500 Index was 0.2% lower, potentially snapping a three-day winning streak. The tech-heavy Nasdaq 100 marginally rose by 0.2%, aided by the positive performance of Broadcom Inc. (NASDAQ:AVGO), Tesla Inc. (NASDAQ:TSLA) and Nvidia Corp. (NASDAQ:NVDA), as more than 80 tech members within the index traded in the red. Blue chips fell 0.8%, while small caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), tumbled 1.5% erasing all Wednesday’s gains. Treasury yields continued to fall, ...