Wall Street's Rally Runs Out; Gold Tops $4,000 Per Ounce
6 weeks ago
Wall Street’s record-breaking rally is running out of momentum. The S&P 500 dipped 0.4% Tuesday from its latest all-time high and was heading for its first drop in eight days. The Dow Jones Industrial Average fell 149 points, and the Nasdaq composite slipped 0.6%. Drops for Tesla and Oracle helped weigh on the market. They offset gains for several stocks benefiting from the continued boom in artificial-intelligence technology. Gold climbed and topped $4,000 per ounce to continue its stellar year amid worries about politics and the potential for high inflation in the future.