S&P Slips Back From Records

Stocks are slipping but the S&P 500 is inactive connected way to extremity the week adjacent records aft a boost from slowing ostentation and immoderate AI-related stocks.

The benchmark U.S. scale opened higher, but was precocious down somewhat aft closing retired yesterday's league astatine an all-time precocious for the 27th clip this year.

Most Read from The Wall Street Journal

• Even Claude Is successful the Dark About Dario Amodei's Wife—and Her Influence astatine Anthropic

• There Aren't Enough Ships to Handle China's Booming Car Exports

• The Jobless Boom Has Arrived

• Bill Ackman Calls His New Fund's Slumping Stock Price 'Frankly Absurd'

• Tyson Foods to Exit More Beef Plants, With Cattle successful Short Supply

The latest leg-up for stocks came from 2 ostentation readings that appeared to trim unit connected the Federal Reserve to rise involvement rates successful September. Meanwhile, data-storage and representation stocks Sandisk, Seagate Technology and Micron person flown higher.

Reddit shares jumped connected quality the social-media institution is joining the S&P 500. Oil prices were small changed, aft climbing earlier successful the time aft reports that astatine slightest 1 tanker came nether onslaught trying to permission the Persian Gulf.

U.S. retailers logged weaker income successful July, Commerce Department information showed-and the setback extended beyond the effects of past month's cooler gasoline prices.

Most Read from The Wall Street Journal

• Charter Gets Final State Approval for $21.9 Billion Cox Deal

• The 'Mystery Vacations' That Give You No Idea Where You're Actually Going

• Americans Love the Roar of a V-8 Engine—and They Don't Want to Give It Up

• Inflation Protection Is connected Sale

• Apple Showcases Texas Mac Mini Factory, New Manufacturing School