Wall Street Review: Stock Rally Pauses on Profit-Taking, Higher Bond Yields

After rallying to new highs for three weeks, U.S. stocks paused this week on profit-taking and rising bond yields. Stocks have so far defied the typical September weakness, buoyed by mostly favorable economic news, but high valuations are posing challenges for investors, according to an analyst.

The Dow Jones Industrial Average ended the week on Sept. 26 at 46,247, down by 0.15 percent for the week. The S&P 500 Index closed at 6,643, down by 0.31 percent. Both indexes pulled back from new records reached earlier in the week.