Wall Street paused as U.S. stocks and gold prices pulled back from record highs. S&P 500 slipped 0.3%, Dow Jones dropped 0.5%, Nasdaq edged down 0.1%. Gold fell 2.4% to below $4,000 per ounce. Treasury yields held steady. Concerns rise over stock prices being too high, particularly in AI technology. Dell Technologies and Tesla stocks dropped. Delta Air Lines reported stronger profits than expected, with a forecasted range for profit for the final three months exceeding analyst estimates. PepsiCo rose 4.2% after delivering better profits. Akero Therapeutics surged after Novo Nordisk announced plans to acquire the company. MP Materials rose 2.4% following China’s announcement of export curbs on rare earth materials. Costco Wholesale saw a 3.1% climb in revenue. Stock markets abroad were mixed, with Italy’s Ferrari tumbling 15.4%. Shanghai stocks leaped 1.3%, Japan’s Nikkei 225 jumped 1.8%. AP Writers Teresa Cerojano and Matt Ott contributed.

Read more at Yahoo Finance: Wall Street’s feverish rally takes a break as US stocks and gold pull back from their records