Stock market today: Wall Street hovers near its record highs

NEW YORK (AP) — U.S. stocks are hanging near their records ahead of a couple reports that could show how well the economy is holding up. The S&P 500 was down 0.2% in early trading Tuesday after setting an all-time high for the 43rd time this year. The Dow Jones Industrial Average slipped 143 points, or 0.3%, after coming off its own record. The Nasdaq composite was down 0.2%. Treasury yields eased as bond markets worldwide relaxed following an encouraging update on inflation in Europe. European indexes rose modestly amid hopes for more cuts to interest rates.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

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