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Stocks drift mostly lower a day after setting more records

| December 16, 2020 7:03 AM

NEW YORK (AP) — Stocks are off to a weak start on Wall Street as investors keep a cautious eye on Washington, where lawmakers appear to be getting close to an agreement on supplying more badly needed aid for the economy. The S&P 500 was down 0.1% in the first few minutes of trading Wednesday. The mixed trading comes a day after a broad rally that pushed the Nasdaq and an index of small-company stocks to record highs. Treasury yields rose in a sign that investors were becoming a bit more optimistic about the economy. European markets mostly rose and Asian markets ended higher.

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