U.S. stocks dipped from record highs as Wall Street awaits an inflation update. The S&P 500 fell 0.3%, Dow Jones dropped 0.5%, and Nasdaq was down 0.3%. Economists anticipate a 2.8% rise in prices from a year ago. Concerns about “stagflation” increase with fears of high inflation and a stagnant economy. Fed officials are split on interest rate cuts. Micron Technology reported higher forecasts, leading to a 4.1% climb in stock prices. AMC Entertainment rose 3.4% after better-than-expected results. C3.ai faces a potential $124.9 million operating loss, causing a 25.6% stock drop. Gold prices eased after tariff confusion.

Read more at Yahoo Finance: US stocks slip as Wall Street braces for an update on inflation