World markets are mostly lower after U.S. stocks hit new record highs. U.S. futures and oil prices also slipped. Tokyo's Nikkei 225 fell after Japan reported that its trade deficit rose last month as rising costs for imports outpaced an 8% rise in exports from the year before. Britain’s FTSE 100 slipped after the government announced a stronger-than-expected inflation reading, dashing hopes for a rate cut in June. On Tuesday, the S&P 500 rose 0.3% to surpass its record set last week. The Nasdaq composite added 0.2%, a day after setting its latest all-time high. The Dow Jones Industrial Average rose 0.2% and is sitting just below its record set last week.
