Much of the Wall Street rally following Donald Trump's presidential victory has lost steam.
Wall Street remained steady on Monday after seeing much of its rally following President-elect Donald Trump's election victory fade.The S&P 500 remained unchanged during early trading, while the Dow Jones Industrial Average slipped 0.2 percent and the Nasdaq inched up by 0.1 percent. Investors appeared cautious after the volatile close last week erased much of the post-election gains that initially buoyed markets.
3 percent on Monday, but it is still down since Trump said he wanted Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human Services.'Traders appear to be gauging the potential impact of a new Trump administration's policies on the economy, and the possibility that the Fed may slow down its rate-cutting campaign,' Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley, said to The Associated Press .
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