"Wall Street Edges Up on Soft Services Data, Disney Shareholders Rally Behind CEO Iger"
U.S. stocks edged up as the services industry growth slowed in March, with the Dow rising 0.01%, S&P 500 0.28%, and Nasdaq 0.48%. Federal Reserve Chair Jerome Powell reiterated a wait-and-see approach on interest rate cuts despite recent data showing higher-than-expected inflation. Intel and Ulta Beauty stocks dropped after revealing losses and a sluggish demand forecast, respectively. Traders are still pricing in rate cuts, with a 57% chance of a 25 basis points cut in June.