Wall Street retreats ahead of the weekend

Economies.com
2017-02-24 15:39PM UTC

U.S. stock indices fell on Friday ahead of the weekend after hitting record highs earlier this week, triggering profit-taking, with finance shares leading the decline.
 
Wall Street set fresh record highs this week after the Federal Reserve's meeting minutes slashed the chances of a rate hike in the March meeting, underpinning stocks.
 
Today traders took a chance to collect profits after shares hit record highs, with tech, finance shares leading the retreat.
 
On the other hand, the dollar fell against a basket of currencies to a one-week low, underpinning stocks, but selling urges dominated the mood in the markets.
 
Standard and Poor's 500 fell 0.34% to 8.02 points to 2,355.79, while Dow Jones shed 0.27%, or 55.40 points to 20,754.92.
 
Tech-heavy NASDAQ slid 0.36%, or 20.88 points to 5,814.63.

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