From Nasdaq:

Stock indexes this morning are slightly lower, with the S&P 500 down -0.21%, the Dow Jones down -0.45%, and the Nasdaq down -0.25%. Lululemon Athletica, Nike, and Tesla are all in the red, while FedEx and Best Buy are up. Market outlook remains positive despite some stock declines. The Fed is expected to cut rates later this year. Overseas markets show mixed results, with Europe and China down and Japan up.
Interest rates are holding steady, with the 10-year T-note yield down -5.53 bp at 4.212214%. European bond yields are lower, with the German Mar IFO business climate survey showing improved confidence. ECB expects an interest rate cut by August. US stock movers include Lululemon Athletica down more than -18%, Nike down more than -78%, and Tesla down more than -2%. FedEx leads gainers with a strong Q3 report, while other tech stocks like Crowdstrike Holdings and Zscaler are down. Public Service Enterprise Group, Veralto, and General Mills also see gains. A number of companies are reporting earnings today.



Read more at Nasdaq: Stocks Consolidate Below This Week’s Record Highs