Tuesday’s U.S. stock declines punished onetime beneficiaries of the “Trump Trade,” such as banks, manufacturers and domestically focused small companies. The S&P 500 dropped 1.2% to close at 2344.02, the benchmark’s biggest slide of 2017. It was the first time the index fell more than 1% in a day since October, the longest such stretch since 1995. The Nasdaq Composite Index, which features riskier technology and biotechnology...

Source: Wall Street Journal March 21, 2017 21:37 UTC