16-12-2016 18:59 via news.yahoo.com

Wall Street loses ground as tech stocks weigh

The Dow is on track for its sixth weekly gain and less than 1 percent away from 20,000, a level it has never breached. The Federal Reserve, which raised interest rates for the second time in nearly a decade on Wednesday, sees a faster pace of rate hikes in 2017, partly due to the potential economic benefits from President-elect Donald Trump's policies. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the S&P rising 5.7 percent on bets that Trump's plans to deregul
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