Wall Street Eases After Rally as Investors Lock In Profits

Major U.S. indices slipped on Monday as traders booked gains following consecutive record sessions. The Dow Jones Industrial Average fell 0.3%, the S&P 500 declined 0.2%, and the Nasdaq Composite edged 0.4% lower amid cautious sentiment. Investors digested mixed earnings results from consumer discretionary and industrial firms, alongside weaker housing data signaling soft demand. Analysts said market weakness reflected normal consolidation rather than risk aversion, with attention turning to the Federal Reserve’s policy meeting next week for cues on potential rate cuts.