The S&P 500, the Dow, and the Nasdaq Composite traded at new highs for the second day in a row on rate optimism. Tech and energy stocks led the gainers. The Justice Department and 17 states alleged in a suit that Apple Inc. hampered mobile game developers from offering better products on the iPhone.
Market indexes on Wall Street and in Europe turned lower after an inflation report signaled that policymakers may delay the expected rate cut as early as June. Large companies in Japan agreed to record high wage gains, lifting hopes that the Bank of Japan may be ready to end the negative interest rate regime.