Stock market today: Wall Street slips some more ahead of this week's inflation report
FILE - People walk past the New York Stock Exchange on Wednesday, June 29, 2022 in New York. Wall Street pointed higher before the open Friday, Nov. 17, 2023, as most major markets looked set to end the week with solid gains. (AP Photo/Julia Nikhinson)
NEW YORK (AP) — U.S. stocks are slipping Monday as Wall Street prepares for a report on inflation that could show how realistic its hopes for easier interest rates are.
The S&P 500 was 0.2% lower in afternoon trading, coming off just its third losing week in the last 19. But it's still near its all-time high set Thursday, buoyed by expectations that cuts to interest rates are coming this year and by signals that the economy remains remarkably resilient.
The Dow Jones Industrial Average was mostly unchanged as of 1:54 p.m. Eastern time, and the Nasdaq composite was 0.4% lower.
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