Wall St muted as investors assess inflation data, Mideast developments

[NEW YORK] Wall Street’s main indexes retreated from record highs on Thursday (May 28) as escalating tensions between the US. and Iran dampened hopes of an imminent peace deal, while investors digested key inflation data.

At 10.01 am ET, the Dow Jones Industrial Average fell 110.97 points, or 0.22 per cent, to 50,533.31.

The S&P 500 gained 1.71 points, or 0.02 per cent, to 7,521.68 and the Nasdaq Composite lost 6.80 points, or 0.02 per cent, to 26,667.93. REUTERS