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Friday, December 30, 2016

Wall Street edges down as bank shares weigh

Wall StreetWall Street



Wall Street ended slightly lower on Thursday, held down by bank shares in quiet holiday trading as traders looked to position for the new year.
US equities have stalled in recent days after rallying in the wake of Donald Trump’s November 8 election as US president. Investors are betting on benefits from Trump’s plans to cut taxes and regulations and introduce fresh economic stimulus.
The Dow Jones Industrial Average fell 13.9 points, or 0.07 percent, to 19,819.78, the S&P 500 lost 0.66 points, or 0.03 percent, to 2,249.26 and the Nasdaq Composite dropped 6.47 points, or 0.12 percent, to 5,432.09.

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