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DOW, S&P 500 DROP AS U.S. BANK RALLY WANES, TECH BOOSTS NASDAQ


The S&P 500 closed lower and the Dow ended a seven-day rally on Wednesday as financial stocks fell but gains in technology stocks helped Nasdaq end the day higher. U.S. stocks had been on a tear since the real estate developer's surprise victory in the Nov. 8 U.S. presidential election. The Dow had closed higher for the previous seven sessions, with the last four at record levels. The S&P financial sector ended its own seven-day rally with a 1.4 percent decline. Both the Dow and S&P pared losses in choppy afternoon trading.

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#Dow #SP500 #USBank #NASDAQ

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