Financial Markets Nasdaq

U.S. stocks slipped further from their record heights after rising oil prices cranked up the pressure on inflation and financial markets. The S&P 500 fell 0.5% Monday but remains near its all-time high set on Thursday. The Dow Jones Industrial Average dipped 0.5%, and the Nasdaq composite sank 0.3%. Wall Street is near records in large part because profits are booming for big U.S. companies, and investors are waiting for the latest updates from the nation’s biggest retailers coming later this week. In the meantime, rising oil prices sent yields upward in the bond market. Stocks slipped in Europe following a stronger finish in Asia.

Wall Street pulled further from its all-time high as AI stocks got back to sinking. The S&P 500 fell 0.7% Tuesday for a third straight modest loss since setting its all-time high on Thursday. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite sank 1.3%. Nvidia, Micron Technology and Broadcom were some of the heaviest weights on the market amid criticism that their prices shot too high in the frenzy around AI. Treasury yields held relatively steady in the bond market, while stock indexes were mixed in Europe and Asia.