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May 29, 2025

Wall Street drifts lower

By STAN CHOE
AP Business Writer

NEW YORK — U.S. stocks drifted lower on Wednesday, cooling down a day after leaping within a few good days’ worth of gains from their all-time high.

The S&P 500 fell 0.6%, but it’s still within 4.2% of its record after charging higher amid hopes that the worst of the turmoil caused by President Donald Trump’s trade war may have passed. It had been roughly 20% below the mark last month.


 
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