NEW YORK | US stocks dip after post-election surge; oil falls again
NEW YORK — Stocks in the U.S. are slightly lower Thursday afternoon after a big rally the day before. Technology and internet companies are slipping after chipmaker Qualcomm gave a disappointing revenue forecast for the current quarter. The Federal Reserve left interest rates unchanged, as expected, but traders still think it will raise rates again in December.
Stocks have surged over the past week as the market recovered from its October swoon, and they jumped a day ago following the U.S.