Wall Street dips as investors ready for Trump's inauguration

The markets are also digesting a clutch of information including the European Central Bank's decision to maintain its monetary policy, while awaiting a speech by Federal Reserve Chair Janet Yellen. After hitting a series of record highs in a post-election rally, Wall Street has been trading in a tight range as investors look for more details on Trump's policies. "We may give Trump the benefit of doubt in the first hundred days," said Sam Stovall, chief investment strategist at CFRA Research.