U.S. stocks drift mostly higher

News Snapshot:

Trader Vincent Napolitano works on the floor of the New York Stock Exchange, Friday, May 9, 2025. (AP Photo/Richard Drew) NEW YORK — Most U.S. stocks slumped on Tuesday after the latest update on inflation hurt Wall Street’s hopes for lower interest rates. The S&P 500 fell 0.4 per cent, though it’s still near its all-time high set last week, as 90 per cent of the stocks within the index fell. The Dow Jones Industrial Average dropped 436 points, or one per cent. Tech stocks were an outlier, though, and the Nasdaq composite rose 0.2 per cent to set another...