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Wall Street edges lower, energy stocks fall

Updated : April 25, 2019 06:20 AM IST

The S&P 500, closing roughly 0.5 percent below its intraday record high hit in late September, has rallied about 17 percent year-to-date. It has been supported by a dovish Federal Reserve, hopes of a US-China trade deal and largely upbeat earnings.
But with big companies such as Microsoft Corp, Facebook Inc, reporting after the close on Wednesday and Amazon.com and Intel Corp reports on tap for Thursday afternoon many investors kept to the sidelines.
Profits of S&P 500 companies are expected to decline 1.1 percent for the first quarter, still, a large improvement from the 2.3 percent drop estimated at the start of April.
Wall Street edges lower, energy stocks fall

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