While not as robust as the prior week, stocks still managed to post gains for the second week in a row. The week started off strong only to slip lower by Friday as tensions in the Middle East mounted. U.S. markets climbed higher on Monday, as stocks stepped up after President Trump suspended plans for tariffs on Mexico. Crude oil took a breather from its recent rally, with West Texas Intermediate crude falling 1.3% on the day to settle at $53.31 a barrel. Indices landed in red territory on Tuesday, slipping amid continued tariff uncertainty. In economic news, Department of Labor Statistics data showed the Producer Price Index rose 0.1% in May, meeting expectations. The major indices continued their decline mid-week, despite rebounding slightly from session lows amid China trade concerns. The Department of Labor reported inflation slowed in May as the Consumer Price Index ticked up a mere 0.1%, versus April’s pace of 0.3%. The May result matched economists’ expectations. Thursday saw some green action as stocks stepped up on a variety of economic news. Department of Labor data showed initial jobless claims rose by 3,000 to 222,000 in the week ended June 8. On another note, crude oil futures climbed 3% following reports of attacks on several oil tankers in the Persian Gulf. Energy stocks traded higher on the news. The market started off Friday in negative territory but was able to regain lost ground before the close. The Dow Jones Industrial Average and NASDAQ Composite were both down 0.07% and 0.52% respectively, while the S&P 500 Index was down 0.16%. The Commerce Department reported that U.S. retail sales were up 0.5% last month, just slightly missing expectations.