Wall Street Declines By 1% Amid Profit Taking In Year End

Wall Street finishes down after sell-off at end of strong holiday-shortened week

Introduction Wall Street experienced a notable decline on Friday, erasing gains from a strong holiday-shortened trading week. The sell-off was driven by widespread profit-taking, marking the end of the Dow Jones Industrial Average’s five-session winning streak. This streak had followed a historic 10-session losing run, the worst since 1974. As the year draws to a…

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