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.
The Dow Jones industrial average closed down 54.92 points, or 0.29 percent, to 18,868.14, the S&P 500 lost 3.45 points, or 0.16 percent, to 2,176.94 and the Nasdaq Composite added 18.96 points, or 0.36 percent, to 5,294.58.
Asian stocks slipped on Wall Street's overnight dip. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.1 percent, having lost more than 1 percent so far this week as the prospect of higher U.S. interest rates under a Trump presidency has not been kind to emerging markets.
Reference: Reuters
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