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.

U.S. stock indexes are ticking higher as a busy week for Wall Street picks up momentum. The S&P 500 was up 0.2% in early trading Tuesday after setting all-time highs for six straight days. The Dow Jones Industrial Average was flat,

The 15% rate is higher than the current 10% tariff rate on European luxury goods. Investors may have wanted better terms for the sector.

Europe's major stock markets made modest gains while the euro fell in early trading on Monday as investors greeted a trade agreement between the United States and European Union with cautious relief.