Stocks Slide After Data as Trump-Putin in Focus: Markets Wrap

Wall Street traders sent stocks down from all-time highs as data showed mixed indications on how American consumers are feeling about the economy. Investors also kept a close eye on a face-to-face meeting between Donald Trump and Vladimir Putin.

Following a surge from its April lows, the S&P 500 fell. Applied Materials Inc. led losses in chipmakers on a disappointing outlook. UnitedHealth Group Inc. soared as prominent funds piled into the insurer. Solar shares rallied. Longer-dated Treasuries underperformed. The dollar and oil retreated.