Stocks Drop Despite Nvidia's Big Rally 

Dow falls 600 points in worst day since March 2023.

Expect Higher-for-Longer Interest Rates, Fed's Bostic Says 

Atlanta Federal Reserve President Raphael Bostic expects to hold interest rates steady until it is clear that inflation is heading back to 2%.

Japan Consumer Inflation Grows at Slower Pace in April 

Consumer inflation grew at a slower pace in April but remained above the Bank of Japan's 2% target amid growing expectations over additional interest-rate increases.

U.K. Consumer Confidence Improves as Inflation Cools Further 

Confidence among U.K. consumers rose a little in May, with easing inflation and the expectation of falling Bank of England interest rates set to boost Britons' spending power.

SEC Widens Accessibility of Crypto Investing With Approval of ETFs for Ether 

The new funds will allow mainstream investors to buy and sell the cryptocurrency as easily as stocks or mutual funds.

Jobless claims fall again to 215,000. Strong labor market fuels U.S. economy. 

The number of Americans who applied for unemployment benefits last week fell again to 215,000, reaffirming that layoffs are low and the economy is being buoyed by a strong labor market.

Home builders are slashing prices to lure home buyers, but it may not be enough 

New home sales at 634,000 annual rate in April, versus 665,000 in prior month.

Boost for World Economy as U.S., Eurozone Accelerate in Tandem 

Global economic growth is becoming more broad based, with surveys indicating that business activity in both the U.S. and the eurozone gained momentum in May.

NOAA Predicts the Most Hurricanes It Has Ever Forecast 

This season will see between 17 and 25 named storms with winds of 39 miles an hour or higher.

Prices at the Pump Are Dropping Just in Time for Memorial Day Weekend 

Preholiday costs are about 5% below their inflation-adjusted average since 2000.

(END) Dow Jones Newswires

05-23-24 2115ET