Wall Street Eases From Records as Data Shows Hot Inflation But Cooling Economy
• Wall Street slips from records following mixed economic data; S&P 500 down 0.3%, Dow falls 137 points • Bond yields rise after hotter-than-expected wholesale inflation report • Other reports show some softening in economy, keeping hopes for future inflation declines • Traders still largely expect Fed to begin rate cuts in June, but mixed data could mean fewer cuts • Dollar General stock swings despite better-than-expected profits; retailer closing some self-checkout