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A reversal of fortune for Trump favourites on Wall Street

Meanwhile, tech stocks that were left out of the early Trump rally have surged recently

wall street, markets, wall
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The Wall Street bull is seen in the financial district in New York

Noel Randewich | Reuters San Francisco
A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market’s march higher.

Meanwhile, stocks from sectors that have had less access, and have faced occasional bluster from Trump, such as media and technology, have hopped into the driver seat. 

Banks, industrials and other companies expected to win from Trump's policies surged following his unexpected election victory in November. Valuations for many grew stretched. But Wall Street's change in focus in recent months also reflects concerns among investors that Trump may struggle to enact

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