Why the stock market's record-breaking rally is stalling out

Stocks were on track for their third straight day of losses on Thursday. Major indexes slipped, led by top tech names. Strong economic data sent yields higher, while AI bullishness waned. The record-setting rally in stocks is stumbling this week. US stocks dropped on Thursday as traders took in strong economic data, revised their expectations for Fed rate cuts, and took in wearing momentum in the AI trade. All three major US indexes slipped lower in the early morning, putting them on track for the ...