Wall Street’s record-breaking weeklong run came to a halt on Tuesday, with the S&P 500 slipping 0.3% after hitting an all-time high in six successive days. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite dropped 0.4%. SoFi Technologies climbed 6.6%, but Merck and UPS saw declines after profit reports. Treasury yields eased as the Federal Reserve began a two-day meeting to discuss short-term interest rates. President Donald Trump lobbied for lower rates, but the Fed is expected to wait for more data on tariffs’ impact on inflation and the economy.

The U.S. economy appears to be holding up despite tariff pressures, though it is slowing. Reports show a decrease in job openings but rising consumer confidence, with expectations still below recession levels. Wall Street had a muted reaction to China and the U.S. working on extending tariff deadlines. U.S. Trade Representative Greer indicated officials would discuss an extension with President Trump. Friday brings more tariff deadlines and economic reports.

This week may determine if the stock market can continue its climb to new records. Companies like Cadence Design Systems are benefiting from AI investments, boosting stock prices. However, companies that miss expectations, like UnitedHealth Group and Novo Nordisk, see stock drops. The S&P 500, Dow Jones, and Nasdaq all saw declines. Overseas, markets varied, with Japan’s Nikkei falling and others rising. Bond yields dropped in the U.S. Treasury market.

Read more at Yahoo Finance: US stocks dip and break Wall Street’s record-breaking, weeklong run