NEW YORK — Wall Street is quieter on Friday, and U.S. stocks are drifting after they leaped to records the day before during
Shares in Trump Media and Technology Group slumped another 6% as its biggest shareholder, former President Donald Trump, won the freedom to sell his shares if he wants. Homebuilder Lennar fell 4.2% after delivering a mixed earnings report. Its profit for the latest quarter topped expectations. But it also said it made less in profit on each $100 of home sales, and it expects that margin to stay flat in the current quarter.
Critics also say the U.S. stock market may be running too hot on hopes that the Federal Reserve will be able to pull off what seemed nearly impossible a couple years ago: getting inflation down to 2% without creating a recession.
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