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Wall Street pares risk-taking but stays bullish

Published by
Reuters

By Lawrence Delevingne BOSTON (Reuters) -Wall Street’s optimistic start to the New Year pushed some stocks, oil prices and the dollar higher, but investors dialled back risk-taking elsewhere as data showed U.S. manufacturing slowed last month and COVID-19 continued spreading. The Dow Jones Industrial Average rose 236.73 points, or 0.65%, to 36,821.79 — a fresh record — while the S&P 500 lost 9.58 points, or 0.2%, to 4,786.98. The technology-heavy Nasdaq Composite dropped 264.80 points, or 1.67%, to 15,568.00, a day after Apple Inc became the first company to hit a $3 trillion stock market va…

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