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Wall Street slips after report says China may slow US bond purchases

The S&P and the Nasdaq have closed at record highs on every single day in 2018

Reuters 

Wall Street's major indexes slipped on Wednesday, stalling the rally that marked the start of 2018, after a report that China is considering slowing or halting purchases of US government debt. Apple, Microsoft and Amazon were among the biggest drags on the S&P 500 and the Nasdaq, while a 0.7 percent drop in Boeing and Caterpillar weighed on the Dow. The S&P and the Nasdaq have closed at record highs on every single day in 2018, buoyed by optimism over global economic growth and expectations of strong quarterly earnings. "For a market that was probably looking for ...

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First Published: Wed, January 10 2018. 21:54 IST
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