Wall St. pares some gains as oil prices drop

Oil prices fell from their 18-month high and were down more than 2 percent as the dollar surged to a 14-year high, supported by strong U.S. manufacturing data. The retreat in stocks meant the Dow Jones Industrial Average pulled further away from the elusive 20,000 mark. The Dow came within a hair's breadth of the historic milestone in December as investors bet that President-elect Donald Trump would introduce market friendly policies such as tax cuts and simpler regulation.