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S&P 500, Dow Jones retreat from record highs after bleak jobless data

The S&P 500 and the Dow Jones Industrial Average retreated from record closing highs, pulled lower by cyclicals and small caps that drove the rally earlier in the week

Topics
US markets | S&P 500 | Dow Jones

Stephen Culp | Reuters  |  New York 



US markets, S&P, Nasdaq
Still, the vaccine developments and removal of uncertainties surrounding the U.S. presidential election have driven Wall Street indexes to record closing highs, and put the S&P 500 on course for its best November ever. (Photo: Reuters)

was mixed on Wednesday as surging layoffs in the wake of a new round of shutdowns to contain spiraling COVID-19 infections dampened investor risk appetite. The and the Industrial Average retreated from record closing highs, pulled lower by cyclicals and small caps that drove the rally earlier in the week. Pandemic-resilient tech and tech-adjacent market leaders helped keep the Nasdaq afloat.

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First Published: Thu, November 26 2020. 02:14 IST

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