Stock market today: Hopes for AI and rates nudge Wall Street to records, even as most stocks fall

Most U.S. stocks fell, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology nudged indexes to more record highs. The S&P 500 rose 0.2% Thursday from its all-time high set the day before, even though the majority of stocks within the index weakened. The Nasdaq composite climbed 0.3% from its own record as Broadcom and other technology stocks rallied. The Dow Jones Industrial Average fell 0.2%. Treasury yields eased again in the bond market as conviction built that inflation is slowing enough to get the Federal Reserve to cut interest rates later this year.