The Dow Jones Industrial Average snapped a seven-day winning streak to fall into the red as profit takers took advantage of its recent gains. The blue-chip index had closed at records for the previous four sessions. The S&P 500 ended lower and the Nasdaq higher. The U.S. dollar continued to benefit from the prospects of a Trump administration. The U.S. Dollar Index rose for its eighth straight day. The measure touched its best level since April 2003 earlier in the day. Fossil (FOSL) was upgraded to overweight with a $42 price target at Pacific Crest. Analysts noted that there's strong momentum in wearables. BP (BP) announced plans to cut as many as 80 jobs at an Indiana refinery. The cuts total around 3% to 4% of the facility's workforce. TheStreet's Keris Lahiff reports from Wall Street.
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