Stocks closed mixed today as the Dow Jones industrial average broke a seven-day winning streak and a rebound in oil prices stalled, USA Today reports.
The Dow fell 54.27 points, or 0.3%, after closing at a record high for the past four sessions. The Standard & Poor’s 500 index dropped 0.2%. But technology companies advanced as they continued a rally from a day earlier and the Nasdaq composite index rose 0.4%.
In the week since Donald Trump’s victory, stock markets have rallied as investors hoped his presidency would augur in a period of more government spending on such things as infrastructure.
However, there’s a growing sense that Trump’s policies may lead to higher inflation and interest rates. That’s been particularly notable in the bond markets, where yields have gone up, a development that’s seen the dollar in the ascendant.
Oil prices retreated slightly, snapping an overnight rally as U.S. benchmark crude lost  0.6% to $45.57 a barrel after jumping 5.7% Tuesday.
