October 17, 2023 - 1:06 PM
NEW YORK (AP) — Wall Street drifted following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking. The S&P 500 closed just barely lower Tuesday after flipping between small gains and losses through the day. The Dow added 13 points, and the Nasdaq composite fell 0.3%. Treasury yields rose in the bond market after a report showed shoppers spent more at U.S. retailers last month than expected.