CoinMeta data: After hitting a record high, the stock market saw a decline, and Wall Street shifted from celebration to caution in less than 24 hours. On Tuesday, the S&P 500 index rose 0.6% to close at a record high of 7,818.93, and NASDAQ also set a new high, as declining bond yields and another rise in AI stocks attracted investors back to the market. However, by Wednesday, this momentum disappeared, with the industrial sector performing the worst, with home builders falling 2.9% and chip stocks dropping 1.2%. NVIDIA declined by about 0.7%, and SpaceX fell 2.5%. Due to an investigation by U.S. regulators into competition in the agricultural equipment market, Caterpillar's stock price plummeted by nearly 6%. The yield on 30-year Treasury bonds reached its highest point in 24 years, and the yield on 10-year Treasury bonds briefly broke through 5.3%. Higher bond yields made investors more inclined to choose bonds over stocks, while also reducing expectations for future corporate profits. Minutes from the Federal Reserve meeting showed that officials were still concerned about inflation. The market only expected a small possibility of another interest rate hike in October, but investors still anticipated that interest rates would remain at restrictive levels. Major Wall Street companies generally expected a slowdown rather than a collapse, with year-end targets of 8,000 to 8,100.