Wall Street ends lower on Monday; banks, discretionary stocks slip

India Infoline News Service | Mumbai | November 29, 2016 07:43 IST

The S&P 500 posted 21 new 52-week highs and no new lows; the Nasdaq Composite recorded 180 new highs and 23 new lows.

Wall Street declined on Monday, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week. The Dow had ended Monday down 0.28%, while the S&P 500 lost 0.53% and the Nasdaq 0.56%.

The S&P 500 posted 21 new 52-week highs and no new lows; the Nasdaq Composite recorded 180 new highs and 23 new lows.

The US dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as political risk resurfaced in Europe ahead of a referendum in Italy this weekend.
 

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