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Post by bot on Jan 10, 2017 13:26:57 GMT -5
U.S. stocks in holding pattern as investors look to Trump
U.S. stocks opened flat on Tuesday, as investors held off on making big bets a day ahead of President-elect Donald Trump's first news conference in months. Recent market gains were fueled by Trump's election, as investors anticipate that the policies he is expected to pursue will accelerate economic growth. However, the rally has shown signs of stalling of late, and the press conference will be scrutinized for any indication as to Trump's legislative priorities, as well as other issues. Separately, a modest rise in the price of crude oil could support energy shares. The Dow Jones Industrial Average fell 28 points, or 0.1%, to 19,855. The S&P 500 rose less than 1 point to 2,270, basically unchanged on the day. The Nasdaq Composite Index rose 7 points to 5,539, a rise of 0.1%.
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