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Stock market today: Dow slides, S&P 500 and Nasdaq retreat from record-high rally
US stocks retreated Thursday as investors paused to assess the optimism around AI and interest-rate cuts that has buoyed markets amid the government shutdown.
The S&P 500 (^GSPC) lost around 0.3% after another record close for the broad benchmark on Wednesday, as Wall Street returned to rally mode. The tech-heavy Nasdaq Composite (^IXIC) traded about 0.1% lower, faring better thanks to a run higher from Nvidia (NVDA), which closed at its latest record.
The Dow Jones Industrial Average (^DJI) fell 0.6%. Meanwhile, the torrid rally in gold (GC=F) took a pause amid signs of profit-taking, last seen back below $4,000 per troy ounce.
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