(Bloomberg) — Stocks wiped out gains in the final 30 minutes of Wall Street trading, with investors rebalancing their portfolios after a rally that’s already topped $4 trillion this year. Equities finished lower for a third straight day, following a buying frenzy that saw the S&P 500 climb almost 10% in just three months. With…
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The U.S. stock market appears more “accident prone” because of high valuations, as the S&P 500 index nears its 5,000 milestone, according to Leuthold Group.