"People were genuinely pleased that it was going to happen," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. "And I still wouldn't be surprised to see a reversal of this reversal sometime in the next few weeks as each side sits down and thinks about what's really in its best interest. "A decline in energy shares following lower oil prices also weighed on the market, with the S&P energy index ending down 1.7 percent. U.S.-listed shares of Fiat Chrysler Automobiles fell 0.9 percent.Declining issues outnumbered advancing ones on the NYSE by a 1.03-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.The S&P 500 posted 21 new 52-week highs and one new low; the Nasdaq Composite recorded 106 new highs and 44 new lows.About 6.3 billion shares changed hands on U.S. exchanges. That compared with the 6.6 billion-share daily average for the past 20 trading days, according to Thomson Reuters data.

Source: The Star May 24, 2018 21:00 UTC