US Stock Market Today: S&P 500 Holds Near Record Highs, Dow Jones Falls 0.4% as European Stocks Slide

US stocks traded mixed. The S&P 500 slipped 0.1% as of 11 a.m. in New York, while the Dow Jones fell 0.4%. The Nasdaq 100 was flat after nine straight gains, and the Russell 2000 lost 0.5%. The Bloomberg Magnificent 7 Total Return Index rose 0.6%, highlighting continued strength in major technology shares.

In global markets, the MSCI World Index was little changed. Treasuries were steady, with the 10-year yield holding at 4.03% and the two-year yield easing to 3.52%. Germany’s 10-year yield remained at 2.70%, while UK 10-year gilts edged up to 4.65%.

Gold added 0.2% to $3,686.20 an ounce, setting another record as investors bet on easing US policy. West Texas Intermediate crude rose 1.5% to $64.26 per barrel, supported by supply constraints. Bitcoin traded flat at $115,322, while ether fell 1.4% to $4,450.

With the Federal Reserve set to announce its decision on Wednesday, investors remain focused on the ‘dot plot’ of future rate projections. Markets are pricing in further cuts through 2025, while analysts warn that economic data could shift the pace of easing.