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Wall Street edges lower, led by technology and financial stocks

The Nasdaq Composite edged up 0.64 points, or 0.01% to 6,217.16


Wall Street edged lower in late morning trading on Monday, led by technology and financial stocks, with caution prevailing amid concerns over the recent turmoil in the White House and simmering tensions between the United States and North Korea. Last week, President Donald Trump fired chief strategist Steve Bannon and disbanded some business councils, among other political maneuvers, that led to investor concerns about the Trump administration's ability to implement its pro-growth agenda. While the benchmark S&P 500 index is still up about 13.5 per cent since the election, it ...

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First Published: Mon, August 21 2017. 21:44 IST