Wall Street slips as banks, discretionary stocks drag

US stocks have jumped since Donald Trump's victory in the presidential election, with the S&P 500 up nearly 3 percent, as investors expect his plans to boost infrastructure spending, cut corporate taxes and reduce regulation to benefit the economy.

The S&P financial and consumer discretionary sectors have been among the best performers since the election, as banks have rocketed up more than 10 percent and discretionary stocks climbed over 4 percent. The small-cap Russell 2000 , comprised of many domestically-focused stocks, has soared 11.3 percent.

The Dow Jones industrial average fell 54.24 points, or 0.28 percent, to 19,097.9, the S&P 500 lost 11.63 points, or 0.53 percent, to 2,201.72 and the Nasdaq Composite dropped 30.11 points, or 0.56 percent, to 5,368.81.
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