Stock market today: Wall Street slips in early trading, edging further below last week's records

Stocks are off to a sluggish start on Wall Street, pulling major indexes further below the all-time highs they set last week. The S&P 500 index slipped 0.2% in the first few minutes of trading Wednesday. The Nasdaq composite gave back 0.1%, and the Dow Jones Industrial Average was down 89 points, or 0.2%. FedEx helped offset the losses with a gain of almost 13%. The package carrier reported results for its latest quarter that easily beat forecasts.

Shares of Rivian soared 37% on news that Volkswagen has agreed to invest up to $5 billion in a new joint venture with the electric vehicle maker. Broadly, sales at retailers across the country have been up and down recently as companies highlight how lower-income customers are struggling to keep up with still-rising prices.

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Stock market today: Wall Street drifts in early trading as Nvidia slips more moreNEW YORK (AP) — U.S. stock indexes are drifting in mixed trading as Nvidia regresses a bit more. The S&P 500 was flat in the early going Monday, still near its record set last week.
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