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Stocks slip on Wall Street on signs of weaker spending by U.S. consumers

Stocks slip on Wall Street on signs of weaker spending by U.S. consumers

CTV News14 hours ago

Traders Drew Cohen, left, and Joseph Lawler, center, work with specialist Patrick King on the floor of the New York Stock Exchange, Tuesday, June 10, 2025. (AP Photo/Richard Drew)
NEW YORK — U.S. stocks are falling following signals that one of the economy's main engines, spending by households, is weakening while Israel's conflict with Iran may be worsening.
The S&P 500 was 0.3% lower in early trading Tuesday. The Dow Jones Industrial Average was down 163 points, or 0.4%, and the Nasdaq composite was 0.3% lower.
Treasury yields also nudged lower in the bond market after a report said shoppers spent less last month at retailers than the month before and less than economists expected.
Solar stocks fell amid worries that Congress may phase out tax credits for renewable energy.
Elaine Kurtenbach, The Associated Press

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New EV rebate program in the works, environment minister says
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