Wall Street slipped for the first time in three days on Wednesday, pulling the Dow away from the elusive 20,000 mark following broad declines across sectors.
The blue-chip index came within 19 points of the psychological milestone shortly after the open. However, losses in shares of Walt Disney and Boeing offset gains in Goldman Sachs.
U.S. equities have been riding a post-election rally, feeding on optimism that Donald Trump’s policies would be business friendly, especially to banks and industrials. The rally has also been supported by a spate of strong economic data.
The Dow, which has gained the most among the three major Wall Street indexes from the Trump rally, is on track to have its best yearly gains since 2013. The S&P 500 is set to register a double-digit rise this year, compared with a 0.7 per cent decline in 2015.
The U.S. dollar index rose 0.41 per cent and is…