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January 17, 2025

Wall Street drifts lower as momentum slows for stocks

By STAN CHOE
AP Business Writer

NEW YORK — U.S. stock indexes drifted lower Thursday following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies.

The S&P 500 slipped 0.2% after flipping between small gains and losses through the day. More stocks rose within the index than fell, but drops for some influential stocks like Tesla outweighed them.


 
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