US stocks dip as post-election rally begins to tire | Malay Mail

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NEW YORK, Dec 8 — Wall Street stocks dipped early today as a post-election equity rally showed signs of fatigue while investors monitored rising coronavirus cases and progress on vaccines. About 25 minutes into trading, the Dow Jones Industrial Average was down 0.1 per cent at 30,044.36. The...

Traders and financial professionals work on the floor of the New York Stock Exchange ahead of the closing bell, June 21, 2019 in New York. — AFP pic

All three major indices have powered to records in recent sessions on optimism that an economic rebound awaits in 2021 and coronavirus vaccines will be widely available. But investors are “leaning on the idea of the market being ripe for a consolidation period,” said Briefing.com analyst Patrick O’Hare.

 

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