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Post-election rally pauses as stocks, dollar slip

Wall Street was modestly lower with healthcare and real estate shares losing ground

Reuters  |  New York 

Stocks edged down and the dollar eased from a 14-year high on Wednesday, giving back some of the gains chalked up since Donald Trump's US election victory as investors took profits on the rally in risk assets over the past six weeks. Wall Street was modestly lower with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. The Dow remained just below the 20,000 threshold. US stocks have surged since the November 8 election. The Dow has jumped 9 percent and the S&P 500 has gained 6 percent, with ...

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First Published: Thu, December 22 2016. 04:27 IST
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