Wall Street edged lower following a rally that sent it roaring 16 percent higher for the year so far.
The S&P 500 slipped 0.2 percent Wednesday, edging down from its highest level since April 2022. The Dow fell 129 points, or 0.4 percent. The Nasdaq gave back 0.2 percent.
Other markets around the world fell more sharply following the latest discouraging signal from China’s economy. Growth in China’s services industry slowed by more than expected last month. The U.S. economy, meanwhile, has remained stronger than feared. Minutes from the Federal Reserve’s latest policy meeting showed that some central bank officials wanted to raise rates in mid-June….