United States stocks ended lower on Thursday, January 14, after the Dow and Nasdaq hit record highs earlier in the session as investors focused on US President-elect Joe Biden's pandemic aid proposal, while the US dollar weakened.
Stocks began to pare gains and the dollar drifted lower after Federal Reserve Chair Jerome Powell struck a dovish tone in comments at a virtual symposium with Princeton University. After recent strong US stock market gains, equity investors are looking for signals that could mean further support for the market, said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.
Friday, January 15, marks the start of 4th quarter earnings for S&P 500 companies, with results from JPMorgan Chase and other banks due.
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