Wall Street inches higher toward edge of bull market

NEW YORK (AP) — U.S. stocks are drifting Tuesday amid a vacuum of market-moving data, while U.S. regulators shook the cryptocurrency world again by filing charges against another mega player in the industry.

The S&P 500 was mostly unchanged in afternoon trading, and it's near the edge of what traders call a bull market. It's almost 20% above where it was in midOctober, as a long-predicted recession has yet to hit and excitement around artificial intelligence has helped a select group of stocks to soar.

The Dow Jones Industrial Average was down 53 points, or 0.2%, at 33,507, as of 12:56 p.m. Eastern time, while the Nasdaq composite was 0.1% higher.

This upcoming week has few top-tier economic reports and corporate earnings updates to help Wall Street answer its main question. It wants to know which will happen first: a recession or inflation falling enough to get the Federal Reserve to start cutting interest rates, which have climbed so high they've hurt various parts of the economy.

That's why next week looms large. The U.S. government will publish its latest monthly updates on inflation, and the Federal Reserve will meet on interest-rate policy. The bet on Wall Street is that the Fed may hold off on hiking rates, which would be the first time that's happened in more than a year, but could resume raising rates in July.

Some of the strongest action was in the cryptocurrency world after the Securities and Exchange Commission charged Coinbase with operating its trading platform as an unregistered national securities exchange, broker and clearing agency.

ACCIDENT MONDAY, JUNE 5

The Forrest City Fire Department responded to a motor vehicle accident and extrication at 494 SFC 323.

MEDICAL MONDAY, JUNE 5

The FCFD responded to a medical call at 2409 N. Washington St.

The FCFD responded to a medical call at 1222 Eldridge Road.

The FCFD responded to a medical call at 2502 E. Broadway St.

TUESDAY, JUNE 6

The FCFD responded to a medical call at 305 Kittle Road, Apt. 23.

FIRE MONDAY, JUNE 5

The FCFD responded to a truck fire on Highway 149.

The FCFD responded to a grass fire at 7129 Highway 70.

Cameron Towner, 24, 723 Dangeau Road, Forrest City, disorderly conduct and public intoxication.

Ashlee Buchanan, 38, Forrest City, accomplice to first-degree attempted murder and firstdegree endangering the welfare of a minor.

Benson Buchanan, 40, Forrest City, accomplice to first-degree attempted murder and firstdegree endangering the welfare of a minor.

Phillip Johnson, 63, Palestine, failure to appear, driving on a suspended license, no proof of insurance and defective equipment.

TUESDAY, JUNE 6

Donovan Wilson, 22, Wynne, possession of a controlled substance and reckless driving.