(CNBC) — U.S. stocks closed mixed on Wednesday, with a post-U.S. election rally slowing down as financials dropped more than 1 percent.
The Dow Jones industrial average ended about 55 points lower, snapping a seven-day winning streak, with Goldman Sachs contributing the most losses. The S&P 500 fell around 0.15 percent, with financials leading decliners. The Nasdaq composite outperformed, rising around a third of a percent after opening lower.
"Nothing lasts forever. It's unusual to see such consistent upward trading," said Mike Bailey, director of research at FBB Capital Partners. "Investors are taking a breath to say what if these policies don't happen or don't happen as quickly as thought."
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