U.S. Stocks Slip From Near Records Amid Bets on Trump Stimulus
- Salesforce, Ross Stores rise, Gap declines amid results
- Russell 2000 adds to rally, rises 11th day for record close
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Most U.S. stocks slipped after a post-election rally took benchmark gauges to record levels on speculation that interest rates will rise amid expectations for brisker economic growth.
The S&P 500 Index fell 0.2 percent to 2,182 at 4 p.m. in New York, after climbing within two points of its Aug. 15 record of 2,190.15. The gauge rose 0.8 percent in the week. The Dow Jones Industrial Average pared its weekly gain to 0.1 percent, while the Russell 2000 Index added to its all-time high, capping an 11-day rally that’s the longest in 13 years. The Nasdaq Composite Index rose to its first all-time high since September before ending lower.