S&P 500 ends lower, European stocks wrap up biggest weekly loss of the year

NEW YORK, June 14 - U.S. stocks dipped, gold surged and European stocks suffered their biggest weekly loss of the year on Friday amid cooling economic data, a hawkish Federal Reserve and unfolding political crises in Europe.

"You're seeing risk metrics getting amped up and people are moving into risk-off assets," Green added."And you're not just seeing it in the stock market." The sting was soothed by a series of economic indicators that showed inflation is cooling more quickly than analysts projected, which could convince the data-dependent Fed to reconsider the timing and number of cuts this year.

The Dow Jones Industrial Average , opens new tab fell 57.94 points, or 0.15%, to 38,589.16, the S&P 500 , opens new tab lost 2.14 points, or 0.04%, to 5,431.6 and the Nasdaq Composite , opens new tab added 21.32 points, or 0.12%, to 17,688.88. Emerging market stocks rose 0.05%. MSCI's broadest index of Asia-Pacific shares outside Japan , opens new tab closed 0.16% lower, while Japan's Nikkei , opens new tab rose 0.24%.

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