Profit Taking Sends Stocks Lower After S&P 500 Taps Record

Schaeffers
2025.09.16 16:04
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Profit taking has led to a decline in all three major U.S. stock indexes, reversing earlier gains. The S&P 500 Index reached a record high before slipping, while the Nasdaq and Dow also fell. This week, focus shifts to the Federal Open Market Committee meeting and Fed Chair Jerome Powell's upcoming speech. Notable market movements include Luminar Technologies' significant options activity despite a class action lawsuit, and PagSeguro Digital's stock rising 6.1% to an annual high. BlackSky Technology, however, is down 6.7% despite securing a new contract.