From Nasdaq: 2024-05-16 14:35:20

US stock indexes are moderately lower after hitting record highs this morning amid speculation of Fed rate cuts. Weekly initial unemployment claims fell less than expected, housing starts and manufacturing production weakened. NY Fed President Williams’ dovish comments supported stocks. Q1 earnings beats expectations. Walmart leads gainers, 3M Co up after upgrade. Homebuilders and Biogen down on poor news. Meta under EU probe for algorithm exploitation. Earnings reports released.



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