Wall Street dips as it crosses finish line of tumultuous year

Published by
Reuters

By Stephen Culp (Reuters) – Wall Street edged lower in light trading on Friday, with investors taking a breather as they prepared to ring in the new year and close the books on 2021, marking the second year of recovery from a global pandemic. All three major U.S. stock indexes are set for weekly, monthly, quarterly and annual gains, notching their biggest three-year advance since 1999. The S&P 500 is on course for a 27% increase since the last trading day of 2020. Through Thursday, the benchmark index has registered 70 record-high closes, or the second-most ever. Using Refinitiv data back to 1…

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