Wall Street’s record-breaking rally is running out of momentum.
The S&P 500 dipped 0.4 percent Tuesday from its latest all-time high and broke a seven-day winning streak. The Dow Jones Industrial Average fell 0.2 percent, and the Nasdaq composite lost 0.7 percent.
Drops for Tesla and Oracle helped weigh on the market. They offset gains for several stocks benefiting from the continued boom in artificial-intelligence technology.
Gold climbed and topped $4,000 per ounce to continue its stellar year amid worries about politics and the potential for high inflation in the future.
On Tuesday:
The S&P 500 fell 25.69 points, or 0.4 percent, to 6,714.59.
The Dow Jones Industrial Average fell 91.99 points, or 0.2 percent, to 46,602.98.
The Nasdaq composite fell 153.30 points, or 0.7 percent, to 22,788.36.
The Russell 2000 index of smaller companies fell 27.93 points, or 1.1 percent, to 2,458.42.
For the week:
The S&P 500 is down 1.20 points, or less than 0.1 percent.
The Dow is down 155.30 points, or 0.3 percent.
The Nasdaq is up 7.86 points, or less than 0.1 percent.
The Russell 2000 is down 17.75 points, or 0.7 percent.
For the year:
The S&P 500 is up 832.96 points, or 14.2 percent.
The Dow is up 4,058.76 points, or 9.5 percent.
The Nasdaq is up 3,477.57 points, or 18 percent.
The Russell 2000 is up 228.27 points, or 10.2 percent.
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