(CNBC) Stocks fell on Thursday after President-elect Donald Trump disappointed investors during his first news conference since July, while Wall Street geared up for the start of earnings season.
"I think we're moderating some of the moves we've seen over the past few weeks, and that's OK," said Art Hogan, chief market strategist at Wunderlich Securities. "We've baked in a lot of good news; now we need policy details."
The Dow Jones industrial average closed about 65 points lower, with Goldman Sachs and Walt Disney contributing the most losses. At session lows, the blue-chips index had fallen more than 180 points.
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