The Us stock market is under short-term pressure today, but the longer-term trend remains relatively strong. The S&P 500 is around 7,586, while the Nasdaq and Dow are also lower.
The biggest concerns right now are:

U.S. Treasury yields — the 10-year yield has moved above 5%, increasing pressure on high-valuation stocks.
Oil prices — higher energy prices are increasing inflation concerns.
Federal Reserve meeting — the Fed meeting is underway, making traders cautious about interest-rate expectations.
AI/technology stocks — recent weakness in AI-related stocks has pressured the Nasdaq.
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