Wall Street drifts lower

Profit taking sees US stocks stagnate just below record highs.

United States stocks closed broadly lower just a day after the S&P 500 inched into a record closing high.

The lacklustre trading moves were seen as a sign of profit taking in the wake of a strong run-up in stock prices over recent months. Investors are also wary about a reduction in US stimulus, which could be seen as early as next week.

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