The three major indexes (^DJI,^GSPC, ^IXIC) rose slightly after Friday's market open. The core Personal Consumption Expenditures (PCE) index, the Federal Reserve's preferred inflation gauge, rose 0.1% in May from April, which was in line with expectations and slower than April's 0.3% increase. The cooler read is bolstering traders' hopes that the Fed will cut rates sooner rather than later.

Brad Smith, Seana Smith, and Jared Blikre recap the market action at the open.

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This post was written by Stephanie Mikulich.