New York – Wall Street is taking a pause on Thursday as U.S. stocks and even the price of gold make only modest moves near their record highs.
The S&P 500 slipped 0.1%, coming off its latest all-time high and its eighth gain in the last nine days. The Dow Jones Industrial Average was down 126 points, or 0.3%, as of 10:05 a.m. Eastern time, and the Nasdaq composite was 0.1% lower.
Gold also crept back from its latest record following a stellar rally this year, while Treasury yields held relatively steady in the bond market. They’re taking a moment following big runs driven in large part by expectations that the Federal Reserve will cut interest rates to support the economy.
Delta Air Lines flew 6.5% higher after reporting a stronger profit for the summer than analysts expected. The Atla