By STAN CHOE, AP Business Writer

NEW YORK (AP) — Wall Street’s big rally is easing off the accelerator on Wednesday following some potentially discouraging updates on the U.S. economy.

The S&P 500 was edging up by 0.1% in morning trading after it had rallied back within 2.8% of its all-time high the prior day. The Dow Jones Industrial Average was up 33 points, or 0.1%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.1% higher.

The action was stronger in the bond market, where Treasury yields fell following a pair of weaker-than-expected reports on the economy. One said that U.S. retailers, finance companies and other businesses in the services industries saw activity contract last month, when economists were expecting to see growth. Businesses told the Institute for Supp

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