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2017.01.1922:01:00UTC+00U.S. Stocks Decline as Investors Brace for Trump Inauguration

Wall Street continued to retreat from its post-election rally, as investors remain cautious ahead of U.S. President-elect Donald Trump's inauguration. The rally in stocks since Trump's election has slowed down in recent weeks with investors looking for more clarity on his policies.

The Dow Jones Industrial Average edged down 0.37 percent to 19,732.4, the S&P 500 shed 0.4 percent to 2,263.69 while the Nasdaq Composite fell 0.28 percent to 5,540.08. The S&P 500's utilities, energy and real estate all led sector declines and the S&P financials gave the most pressure on the market, by dropping 0.6 percent. The financial index is currently one percent lower since the beginning of the year. Rail shares were among the largest advancers. Shares of Railroad CSX Corp leaped 23.4 percent.

The S&P 500 declined 5.3 percent on President Barack Obama's inauguration day and also sank 20.4 percent during the first 34 trading days of his administration, the index has almost tripled in price off that low. The Dow retreated for the fifth consecutive day, its longest losing streak since before the Nov. 8 U.S. election.



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