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Wall Street ended slightly lower on Thursday, held down by bank shares in quiet holiday trading as traders looked to position for the new year. US equities have stalled in recent days after rallying in the wake of Donald Trump's November 8 election as US president. Investors are betting on benefits from Trump's plans to cut taxes and regulations and introduce fresh economic stimulus. The post-election surge has put the benchmark S&P 500 on pace for a roughly 10-percent gain for the year, but has left some market participants nervous about a potential correction.
Wall Street ended slightly lower on Thursday, held down by bank shares in quiet holiday trading as traders looked to position for the new year. US equities have stalled in recent days after rallying in the wake of Donald Trump's November 8 election as US president. Investors are betting on benefits from Trump's plans to cut taxes and regulations and introduce fresh economic stimulus. The post-election surge has put the benchmark S&P 500 on pace for a roughly 10-percent gain for the year, but has left some market participants nervous about a potential correction.
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