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Stock market today: Dow, S&P 500 slide from records as rally loses steam amid growing risks
US stocks ended mixed Wednesday as investors absorbed a promised deal to send Venezuelan oil to the US and digested fresh jobs data leading into the all-important monthly report.
The tech-heavy Nasdaq Composite (^IXIC) rose about 0.2%. But the S&P 500 (^GSPC) declined 0.3%, retreating from a record-high. The Dow Jones Industrial Average (^DJI) fell almost 1%, or over 450 points, pulling back from back-to-back record setting sessions.
Wall Street is grappling with a growing set of risks — among them Venezuela developments it largely brushed aside as stocks rallied to records. On Tuesday, President Trump said the country will relinquish and send up to 50 million barrels of its crude output to the US — valued at $2.8 billion. US Energy Secretary Chris Wright later said that the administration plans to indefinitely control Venezuela's oil sales.
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