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February 17, 2017

Stocks slow after their big run

By STAN CHOE
AP Business Writer

NEW YORK — The Standard & Poor's 500 index dipped Thursday to break a seven-day winning streak, its longest in three and a half years, though it remains a nudge away from its record high.

It was part of a pause for stock markets around the world, which have been on a torrid run thanks to an improving economy, stronger corporate earnings and hopes for more business-friendly policies from Washington. The dollar's value also dipped against rival currencies, and Treasury yields fell as bond prices rose.


 
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