U.S. stocks looked to push back into positive territory Wednesday as all three primary benchmarks were headed toward slight gains after the opening bell.
Losses were seen across retail and financial shares, as the postelection rally in stocks seems to be gradually coming to an end. According to analysts, investors now appear to be closing out their positions to book profits ahead of Friday's inauguration of President-elect Donald Trump. Although markets are still relatively bullish, market participants are anxious to gain better insights into Trump's plans during his presidency. Most of the momentum that was previously observed also came from 2016 data; investors are now awaiting further earnings releases as well as 2017 outlooks.
Milad Nourmohammadi does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.