US stocks pause after five-day rally; US$ rebounds – Business News

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The Dow Jones Industrial Average fell 5.97 points, or 0.02 percent, to 23,995.95, the S&P 500 lost 0.38 point, or 0.01 percent, to 2,596.26 and the Nasdaq Composite dropped 14.59 points, or 0.21 percent, to 6,971.48. For the week, the Dow rose 2.4 percent, the S&P 500 added 2.54 percent and the Nasdaq gained 3.45 percent. The pan-European STOXX 600 benchmark was up 0.09 percent, bringing its weekly gain to 1.7 percent.MSCI’s all-country index, was flat at 473.26. It posted a weekly increase to 2.9 percent, which was its strongest such rise in six weeks.

NEW YORK: Wall Street ended little changed on Friday, taking a breather following a five-day winning streak, while the dollar rebounded against most currencies from earlier losses tied to expectations the U.S. central bank is in no hurry to raise interest rates.

Earlier weakness in stocks and data showing a decline in U.S. consumer prices in December stoked investor appetite for Treasuries, pushing their yields lower.

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