Wall Street pares risk-taking but stays bullish

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly

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  • Dow stays above record high, but S&P and Nasdaq retreat
  • Oil, dollar continue to climb
  • Gold rallies

BOSTON, Jan 4 (Reuters) – Wall Street’s optimistic start to the New Year pushed some stocks, oil prices and the dollar higher, but investors dialled back risk-taking elsewhere on Tuesday as data showed U.S. manufacturing slowed last month and COVID-19 spread.

The Dow Jones Industrial Average (.DJI) rose 166.57 points, or 0.46%, to 36,751.63 — a fresh record — while the S&P 500 (.SPX) lost 16.99 points, or 0.35%, to 4,779.57.

The technology-heavy Nasdaq Composite (.IXIC) dropped 292.99 points, or 1.85%, to 15,539.81, a day after Apple Inc (AAPL.O) became the first company to hit a $3 trillion stock market value. read more

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