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Wall St stalls as market, Trump priorities diverge; Snapchat going public

Friday, February 03, 2017 - 01:18

U.S. stocks ended little changed on Thursday as the recent rally continued to stall following President Donald Trump's latest comments on trade and the policies he will pursue. Bobbi Rebell reports.

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Wall Street stalling out, leaving stocks little changed in Thursday's trading. Investors a bit wary following President Donald Trump's last comments on trade and his policies. Markets had rallied following Trump's Nov. 8 election win on the expectation that tax cuts, deregulation and a fiscal stimulus would accelerate economic growth. Art Hogan of Wunderlich securities. SOUNDBITE: ART HOGAN, CHIEF MARKET STRATEGIST, WUNDERLICH SECURITIES, (ENGLISH) SAYING: "We just had the least volatily in the month of January going all the way back to 1961. So there hasbn't been a great deal of volatility. It's just this tug of war has put us in the neutral zone where the market doesn't know what to do. " After the market close today Snap Inc, parent of Snapchat filed to go public in a deal potentially worth $3 billion dollars. The company says on average over 2.5 billion snaps are created every day. Economic data out on Thursday showed the U.S. labor market continues to tighten, while productivity is still weak. Macy's shares higher after the New York Post reported the retailer has become open to offers from potential buyers. Mead Johnson Nutrition jumped after Britain's Reckitt Benckiser said it was in advanced talks to buy the company for $16.7 billion Turning to Europe shares weighed down by poor earnings though the FTSE moved higher.

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Wall St stalls as market, Trump priorities diverge; Snapchat going public

Friday, February 03, 2017 - 01:18