After touching near record highs, the Dow Jones slipped 0.2% as traders turned cautious ahead of upcoming U.S. inflation data and Fed commentary. The S&P 500 and Nasdaq remained largely steady after a seven-day rally led by Tesla and Netflix earnings. Analysts cited buyer fatigue and profit-taking across cyclical sectors, though overall risk appetite stays supported by resilient corporate margins and moderating Treasury yields into late October 2025.