Nasdaq loses ground as heavyweights slump

The S&P 500 reversed course to trade slightly lower, while the Dow pared gains after hitting a record intraday high earlier in the session. Some parts of the market, such as health, industrials and banks are likely to benefit from Trump's policies of tax cuts, higher fiscal spending and simplifying regulations. "They aren't really going to benefit from Trump's stimulus spending on infrastructure and are sort of sitting in the middle.