BEIJING — Stocks fell in early trading and moved further away from a record high set earlier this week. The S&P 500 fell 0.5% Friday. The Dow Jones Industrial Average fell 53 points, or 0.1%, and the Nasdaq slipped 0.7%.
by Damian J. Troise, The Associated Press
Times-Colonist
BEIJING — Stocks fell in early trading and moved further away from a record high set earlier this week. The S&P 500 fell 0.5% Friday. The Dow Jones Industrial Average fell 53 points, or 0.1%, and the Nasdaq slipped 0.7%. Treasury yields edged higher in the bond market. Adobe slumped after giving investors a weak revenue forecast. Investors are closing out a week of heavy economic reports that showed inflation, though broadly cooling, remains hotter than expected. The reports have raised concerns about the Federal Reserve’s next move on interest rates, though Wall Street still sees potential for a cut in June.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
Wall Street posted small gains in early trading Friday as markets try to close out another up-and-down week on the positive side.