Dow Drops as Recent Trends Reverse
S&P; 500’s financial sector, among the best performers since Election Day, fall 1%; government bonds rally
The Dow Jones Industrial Average fell Thursday as investors dialed back on some popular trades.
Investors dumped shares of financial companies and snapped up government bonds and gold, sending the blue-chip index down as many as 131 points before it pared losses. The dollar weakened and China’s yuan surged.
It was a reversal of some...