Don’t miss the latest developments in business and finance.

Financials drag on Dow, S&P 500; tech shines

Image
Reuters NEW YORK
Last Updated : Nov 17 2016 | 2:42 AM IST

NEW YORK (Reuters) - The S&P and the Dow fell on Wednesday as financial stocks ended a seven-day rally with a sharp drop, but gains in technology stocks helped as investors continued to work on preparing their portfolios for a Donald Trump presidency.

The Dow Jones industrial average fell 54.23 points, or 0.29 percent, to 18,868.83, the S&P 500 lost 3.43 points, or 0.16 percent, to 2,176.96 and the Nasdaq Composite added 18.96 points, or 0.36 percent, to 5,294.58.

(Reporting by Sinead Carew; Editing by James Dalgleish)

Also Read

First Published: Nov 17 2016 | 2:33 AM IST

Next Story