Wall Street drifts around its record while the dollar’s value stabilizesNEW YORK (AP) — According to AP, the U.S. stock market is drifting around its all-time high on Wednesday, while the U.S. dollar’s value stabilizes against other currencies after falling to its lowest level in nearly four years. Companies across the market are under pressure to deliver solid growth in profits following the record-setting runs for their stock prices. Stock prices tend to follow the path of corporate profits over the long term, and earnings need to rise to quiet criticism that stock prices have grown too expensive. A day earlier, an index measuring the U.S. dollar’s value against several of its peers dropped to its weakest level since early 2022. Lower interest rates could also further undercut the U.S. dollar’s value, which would help U.S. exporters.