DJIA up 33.07 points (Il Sole 24 Ore Radiocor) - New York, 10 Jun - US shares were trading mostly lower at midday as investors rolled up their sleeves for a busy week that will bring key inflation data and a Federal Reserve monetary meeting.

Investors are cautious after last Friday's hotter-than-expected payrolls data that indicated the Fed may keep rates higher for longer to stamp out potential inflationary pressure.

At the end of its two-day meeting on Wednesday, the central bank is widely expected to leave rates unchanged but it will signal how many cuts it sees as likely this year in its so-called 'dot plot' - a chart updated on a quarterly basis giving each Fed member's prediction on the trajectory of the federal funds rate.

Fed officials have repeatedly said they will not contemplate a monetary pivot until there is hard proof inflation is firmly under control and falling towards its 2% target.

With that in mind a fresh round of inflationary data will be eagerly watched including May's all-important consumer price index due out on Wednesday.

On the stocks front, Nvidia shares were steady on the day the AI chipmaker's 10-for-1 stock deal kicks in while KKR, CrowdStrike and GoDaddy were all higher on news they will be joining the S&P 500 this month.

At 1831 GMT, the Dow Jones was losing 33.07 points, or 0.09%, at 38,765.92 points.

The S&P 500 was 1.44 points, or 0.02%, lower at 5,348.03 points.

The Nasdaq was up 23.28 points, or 0.15%, at 17,159.21 points.

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(RADIOCOR) 10-06-24 19:37:16 (0598) 5 NNNN