Record Rally Stalls as Fed Cut Bets Soar and Earnings Loom
Rally Pauses After New Highs as Market Seeks Direction After a streak of record-setting gains, Wall Street’s rally took a breather heading into the weekend. On Wednesday the S&P 500 and Nasdaq notched all-time closing highs, but Thursday saw a mild pullback across major indices nasdaq.com. The S&P 500 dipped about 0.3% Thursday (to ~6,735), the Dow fell 0.5%, and the Nasdaq Composite slipped 0.1% econotimes.com, pausing a record-breaking tech-driven surge. High-flying semiconductor and AI stocks led the dip – for instance, Dell Technologies tumbled -5% and Micron -2% amid profit-taking nicoop.com. Even with that consolidation, the uptrend remains intact: the S&P and Nasdaq are