U.S. stock indexes and gold slightly declined on Thursday, breaking a weeks-long rally.

The S&P 500 fell 0.3% from its record high, the Dow Jones lost 0.5%, and the Nasdaq slipped 0.1%. Gold dropped 2.4% below $4,000 per ounce, while bond yields remained stable.

Analysts attribute the pullback to expectations of upcoming Fed rate cuts and fears of overheating, especially in the artificial intelligence sector.

Dell Technologies shares fell 5.2%, and Tesla lost 0.7% amid an investigation into its Full Self-Driving system. Meanwhile, Delta Air Lines rose 4.3%, and PepsiCo gained 4.2% after reporting strong results.

By the close, the S&P 500 was down to 6,735 points, the Dow Jones to 46,358, and the Nasdaq to 23,024. In Asia, Japan’s Nikkei 225 rose 1.8% after SoftBank announced a $5.4 billion deal to acquire ABB’s robotics division.