Stock Rally Pauses, Gold Busts Through $4,000 Mark: Markets Wrap

Stocks paused after a record rally as investors grow cautious about lofty valuations and the billions pouring into artificial intelligence, while gold topped $4,000 an ounce amid concerns over the US economy and a government shutdown.

Europe’s Stoxx 600 benchmark hovered close to last week’s all-time high, with the technology sub-index falling more than 1%. BMW AG slumped, dragging peers lower, after the German luxury-car maker cut its financial guidance on weak sales in China and tariff-related costs.

US equity-index futures were little changed after the S&P 500 snapped eight days of gains. A gauge of the dollarrose for ...