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Wall St to open flat as stimulus rally cools; Weekly gains on tap
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Wall Street dips as stimulus rally cools, Tesla hits record high - Netscape Money & Business
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Wall Street drops as stimulus rally cools, Tesla at record high - Netscape Money & Business
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Wall Street dips as stimulus rally cools, Tesla hits record high
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Wall Street extends losing streak as rally evaporates
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Wall Street extends losing streak as rally evaporates
By Ambar Warrick and Shreyashi Sanyal
Updated
4.19am
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Stocks closed mostly lower on Wall Street on Monday (US time) after an early rally faded, extending the market s recent pullback from record highs.
The S&P 500 fell 0.4 per cent after having been up 0.9 per cent in the early going. The reversal handed the benchmark index its fourth straight decline, something that hasn t happened since September. Losses in the financial, industrial and health care sectors accounted for much of the decline, outweighing gains by technology stocks and companies that rely on consumer spending. Treasury yields were mostly higher, a sign of optimism in the economy.