Wall Street’s record-breaking, weeklong run ran out of momentum on Tuesday. The S&P 500 slipped 0.3% for its first drop after closing at an all-time high in six successive days. The Dow Jones Industrial Average sank 204 points, or 0.5%, and the Nasdaq composite shaved 0.4% off its own record.

The U.S. economy has seemed to hold up so far despite the pressures of tariffs, though it does appear to be slowing.

Stock futures are sharply higher Thursday morning as investors react to better-than-expected quarterly results from Microsoft and Meta, with more Big Tech earnings coming later today.

The S&P 500 edged up 0.2% on Wednesday after the Federal Reserve kept interest rates unchanged, as anticipated. The Nasdaq Composite rose 0.4%, while the Dow Jones Industrial Average added just 28 points, or 0.1%.