Stock market today: Wall Street slips in early trading, edging further below last week's records

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Stocks are off to a sluggish start on Wall Street, pulling major indexes further below the all-time highs they set last week. The S&P 500 index slipped 0.2% in the first few minutes of trading Wednesday. The Nasdaq composite gave back 0.

Stocks are off to a sluggish start on Wall Street, pulling major indexes further below the all-time highs they set last week. The S&P 500 index slipped 0.2% in the first few minutes of trading Wednesday. The Nasdaq composite gave back 0.1%, and the Dow Jones Industrial Average was down 89 points, or 0.2%. FedEx helped offset the losses with a gain of almost 13%. The package carrier reported results for its latest quarter that easily beat forecasts.

Shares of Rivian soared 37% on news that Volkswagen has agreed to invest up to $5 billion in a new joint venture with the electric vehicle maker. Broadly, sales at retailers across the country have been up and down recently as companies highlight how lower-income customers are struggling to keep up with still-rising prices.

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Stock market today: Asian shares lower after Wall Street closes another winning weekHONG KONG (AP) — Asian shares were mostly lower Monday after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia ’s stock...
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Stock market today: Wall Street drifts as Nvidia loses some more momentumNEW YORK (AP) — U.S. stocks drifted to a quiet close of the week, as Nvidia’s stock continued to cool from its startling, supernova run. The S&P 500 slipped 0.2% Friday, though it’s still near the all-time high it set on Tuesday.
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