Wall Street pulls back from its record heights | National

NEW YORK (AP) — U.S. stocks pulled away from their record heights on Monday.

The S&P 500 slipped 0.3% for just its second loss in the last 11 days, but it remains within 0.6% of its all-time high set in October. The Dow Jones Industrial Average dropped 215 points, or 0.4%, and the Nasdaq composite edged down by 0.1%.

kAmq6C2C<6E 2?5 76== `]cT 27E6C 2??@F?4:?8 2 D92<6\FA @7 D@>6 @7 :ED E@A =6256CD9:A] %@55 r@>3D[ H9@ 925 366? rt~ @7 E96 4@>A2?J’D vtxr~ :?DFC2?46 3FD:?6DD[ 😀 =62G:?8 7@C 2 ;@3 2E y!|@C82? r92D6[ H9:=6 r9:67 u:?2?4:2= ~77:46C |2C4 w2>3FC8 H:== C6E:C6 ?6IE J62C]k^Am

kAm}6E7=:I 5C@AA65 b]cT 27E6C !2C2>@F?E 2??@F?465 2 3:5 😕 9@A6D @7 ECF>A:?8 k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^?6E7=:I\H2C?6C\24BF:D:E:@?\DEF5:@\93@\DEC62>:?8\7cggcc_a42575_f2hh27_4g6cbdb35gbQm}6E7=:I’D 562= E@ 3FJ (2C?6C qC@Dk^2m][ H9:49 H2D 2??@F?465 =2DE H66<]k^Am

kAmk2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^A2C2>@F?E\H2C?6C\3C@D\5:D4@G6CJ\?6E7=:I\ECF>A\bcfdc_26f2c7gb7465gbb76gga7adeg_Qm!2C2>@F?E D2:5 :E’D @776C:?8 Sb_k^2m 7@C 6249 (2C?6C qC@D] s:D4@G6CJ D92C6[ 2D H6== 2D 2 BF:4<6C 2?5 62D:6C H2J 7@C :?G6DE@CD E@ 86E E96:C A2J@FE] !2C2>@F?E 😀 @776C:?8 E@ 3FJ 2== @7 (2C?6C qC@D] s:D4@G6CJ 😕 42D9[ F?=:<6 k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^?6E7=:I\H2C?6C\24BF:D:E:@?\DEF5:@\93@\DEC62>:?8\7cggcc_a42575_f2hh27_4g6cbdb35gbQm}6E7=:I’D @776C @7 42D9 2?5 DE@4

kAm%96 3@2C5 @7 5:C64E@CD 7@C (2C?6C qC@D] s:D4@G6CJ 925 28C665 E@ }6E7=:I’D @776C =2DE H66<[ 3FE :E’D 2=C625J 724:?8 A@E6?E:2= D4CFE:?J 7C@> 7656C2= C68F=2E@CD] !C6D:56?E k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^ECF>A\?6E7=:I\H2C?6C\3C@D\>6C86C\AC@3=6>\7b6b`f3e`ghh5bc46d_f32bg27c2ahbcQms@?2=5 %CF>A D2:5 $F?52Jk^2m E92E 2 }6E7=:I\(2C?6C qC@D] 4@>3:?2E:@? “4@F=5 36 2 AC@3=6>” 2>:5 H@CC:6D 23@FE E@@ >F49 :?5FDECJ A@H6C D:EE:?8 2E @?6 4@>A2?Jk^Am

kAm(2C?6C qC@D] s:D4@G6CJ C@D6 c]cT 7@==@H:?8 E96 9@DE:=6 3FJ@FE 3:5[ 2?5 !2C2>@F?E $365 hT]k^Am

kAmt=D6H96C6 @? (2== $EC66E[ r@?7=F6?E D@2C65 ah]`T 27E6C k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^:3>\4@?7=F6?E\2:\>2\fa275452g2`_d3h`e6fb743d2ca7e2a2Qmxq| D2:5 :E H@F=5 3FJ E96 4@>A2?Jk^2m[ H9:49 96=AD 4FDE@>6CD 4@??64E 2?5 AC@46DD 52E2] xq| D2:5 E96 S“ 3:==:@? 562= H:== 96=A 4FDE@>6CD 56A=@J k2 9C67lQ9EEADi^^2A?6HD]4@>^9F3^2CE:7:4:2=\:?E6==:86?46Qm2CE:7:4:2=\:?E6==:86?46k^2m E@@=D 36EE6C 2?5 72DE6C[ 2?5 :ED D92C6D 25565 _]cT]k^Am

kAmr2CG2?2 ;F>A65 `a]`T 😕 :ED 7:CDE EC25:?8 27E6C =62C?:?8 :E H:== ;@:? E96 $U2>Aj! d__ :?56I @? s64] aa] |2?J AC@76DD:@?2= :?G6DE@CD 5:C64E=J >:>:4 E96 :?56I @C 2E =62DE >62DFC6 E96:C A6C7@C>2?46 282:?DE :E[ H9:49 H:== AFD9 >2?J E@ 3FJ 2?J DE@4kAmr#w[ 2 AC@G:56C @7 3F:=5:?8 >2E6C:2=D[ C@D6 d]hT[ 3FE r@>7@CE $JDE6>D &$p[ 2 AC@G:56C @7 >6492?:42= 2?5 6=64EC:42= 4@?EC24E:?8 D6CG:46D[ D=:AA65 `]aT 27E6C =:<6H:D6 =62C?:?8 E96J’== ;@:? E96 $U2>Aj! d__ 😕 2 4@FA=6 H66kAm%96J H:== C6A=246 {z”[ $@=DE:46 p5G2?465 |2E6C:2=D 2?5 |@92H< x?5FDEC:6D[ H9:49 92G6 2== D9CF?< 6?@F89 😕 D:K6 E92E E96J’== 5C@A 5@H? E@ E96 $U2>Aj! $>2==r2A e__ :?56I @7 D>2==6C DE@4

kAmr@C6(62G6 D2?< a]bT 27E6C E96 px 4=@F5 4@>A2?J D2:5 :E’D C2:D:?8 Sa 3:==:@? 😕 563E E92E :E 4@F=5 C6A2J 😕 DE@4< 2?5 42D9]k^Am

kAmp== E@=5[ E96 $U2>Aj! d__ 76== ab]gh A@:?ED E@ e[gce]d`] %96 s@H y@?6D x?5FDEC:2= pG6C286 5:AA65 a`d]ef E@ cf[fbh]ba[ 2?5 E96 }2D52B 4@>A@D:E6 82G6 324< ba]aa E@ ab[dcd]h_]k^Am

kAm%96 &]$] DE@4< >2C<6E 92D 364@>6 k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^DE@42C<6ED\765\;@3D\ECF>A\chggbh62cea`7bbfd3g3b2c6hefa2bg3Qm>F49 >@C6 42=>k^2m C646?E=J 7@==@H:?8 k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^2D:2\FD\2:\;2A2?\ECF>A\e652f5c27a3c3d36a7he27`7bf2dfee`QmH66^2CE:4=6^FD\DE@42:? BF:6E 2D EC256CD 2H2:E E96 9:89=:89E @7 E9:D H66<[ H9:49 H:== 2CC:G6 (65?6D52J H96? E96 u656C2= #6D6CG6 2??@F?46D :ED =2E6DE >@G6 @? :?E6C6DE C2E6D]k^Am

kAm$E@42:? :?E6C6DE C2E6 7@C E96 E9:C5 E:>6 E9:D J62C] {@H6C :?E6C6DE C2E6D 42? 8:G6 E96 64@?@>J 2?5 AC:46D 7@C :?G6DE>6?ED 2 3@@DE[ E9@F89 E96:C 5@H?D:56 😀 E92E E96J 42? H@CD6? :?7=2E:@?]k^Am

kAm%96 3:8 BF6DE:@? 😀 H92E <:?5 @7 9:?ED E96 u65 H:== @776C 23@FE H96C6 :?E6C6DE C2E6D H:== 8@ 27E6C (65?6D52J] |2?J @? (2== $EC66E 2C6 3C24:?8 7@C E2=< 2:>65 2E E2>A:?8 5@H? 6IA64E2E:@?D 7@C >@C6 4FED 😕 a_ae]k^Am

kAmk2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^:?7=2E:@?\64@?@>J\DA6?5:?8\622h`b7e57ff53bdc_`h5_5aa2c3_`76Qmx?7=2E:@? 92D DEF33@C?=J C6>2:?65k^2m 23@G6 E96 u65’D aT E2C86E[ 2?5 k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^64@?@>J\;@3D\:?7=2E:@?\g2__e_4a7da7ggc65bcghcd_2eee`h3gQmu65 @77:4:2=D 2C6 ?@E23=J DA=:Ek^2m 😕 E96:C @A:?:@?D 23@FE H96E96C 9:89 :?7=2E:@? @C E96 D=@H:?8 ;@3 >2C<6E 😀 E96 3:886C E9C62E E@ E96 64@?@>J]k^Am

kAmx? E96 3@?5 >2C<6E[ %C62DFCJ J:6=5D 4=:>365] %96 J:6=5 @? E96 `_\J62C %C62DFCJ C@D6 E@ c]`eT 7C@> c]`cT =2E6 uC:52J]k^Am

kAmx? DE@4< >2C<6ED 23C@25[ :?56I6D D=:5 `]aT 😕 w@?8 z@?8 3FE ;F>A65 `]bT 😕 $@FE9 z@C62 7@C EH@ @7 E96 H@C=5’D 3:886C >@G6D]k^Am

k9C ^m

kAmp! qFD:?6DD (C:E6CD |2EE ~EE 2?5 t=2:?6 zFCE6?3249 4@?EC:3FE65]k^Am

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.