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A flag hangs from the side of the New York Stock Exchange is on Thursday, May 16, 2024, in New York. Trinity Church appears in the background. (AP Photo/Peter Morgan, File)
A flag hangs from the side of the New York Stock Exchange is on Thursday, May 16, 2024, in New York. Trinity Church appears in the background. (AP Photo/Peter Morgan, File)
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In the latest example of how good news for the economy can be bad for Wall Street, most U.S. stocks slumped Thursday after strong economic reports raised the possibility of interest rates staying painfully high. 

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