Stocks were heading into Thursday's close off their worst levels of the day but still modestly lower as President-elect Donald Trump's press conference on Wednesday continued to weigh on Wall Street.
Conspicuously absent during his opening remarks was any mention of fiscal stimulus plans, tax cuts and easing financial regulations, the expectation of which has fueled a 12% rally in the Dow over the past two months. The blue-chip index fell to its lowest level since the beginning of the year on losses in component stocks Disney ( DIS ) and Microsoft ( MSFT ), while the financial sector suffered the steepest losses among S&P 500 sectors.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.