Equity Markets: Points and Question Run-Up

equity markets: The Nasdaq Composite Index COMP, 0.48% which had been down by as many as 67 points earlier, finished down 16.16 points, or 0.3%, at 5,547.49, retreating from its record close set on Wednesday, and snapping a streak of seven sessions of gains, according to Market Watch. Biotech rebounded from earlier losses after Trump said drug companies were getting away with murder at his Wednesday news conference. Equity markets have been trading mostly sideways as investors begin to question the run-up in stock prices following the election on Trump's promises of fiscal stimulus. On Thursday, the iShares Nasdaq Biotechnology ETF IBB, 0.39% finished up 0.4%. The Dow Jones Industrial Average DJIA, -0.03% closed down 63.28 points, or 0.3%, at 19,891.00, after trading down by as many as 184 points earlier in the session. Walt Disney Co.DIS, 0.49% and J.P. Morgan Chase & Co.JPM, 0.53% which reports earnings Friday morning, led the losses. The declines were broad-based, with 22 of the 30 components trading lower. (news.financializer.com). As reported in the news.