Consumer prices rose in May at the fastest pace in four months, led by higher electricity costs and the biggest increase in gasoline since September, government figures showed. Still, the core index, which excludes energy and food, rose a less-than-expected 0.1 percent.
"We think the economy is going to recover," said Groupama's Bronzo, who has been buying shares of Walt Disney Co, AOL Time Warner Inc, and Lowe's Cos. "Let's keep one thing in mind, the markets are well off their lows. As bleak as it is, the market has hit bottom."
The Russell 2000 Index of smaller stocks fell 0.25 to 495.13.
The Wilshire 5000 Total Market Index, the broadest measure of US shares, declined 49.96, or 0.4 percent, to 11,238.01.
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