Stocks

Wall Street Review: Stock Rally Pauses on Profit-Taking, Higher Bond Yields

A growing economy and fewer job losses revived fears of a re-acceleration of inflation.
Wall Street Review: Stock Rally Pauses on Profit-Taking, Higher Bond Yields
Traders work on the floor of the New York Stock Exchange during morning trading on Sept. 17, 2025. Michael M. Santiago/Getty Images
Panos Mourdoukoutas
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After rallying to new highs for three weeks, U.S. stocks paused this week on profit-taking and rising bond yields. Stocks have so far defied the typical September weakness, buoyed by mostly favorable economic news, but high valuations are posing challenges for investors, according to an analyst.

The Dow Jones Industrial Average ended the week on Sept. 26 at 46,247, down by 0.15 percent for the week. The S&P 500 Index closed at 6,643, down by 0.31 percent. Both indexes pulled back from new records reached earlier in the week.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”