Wall Street drifts lower on last trading day of 2017

A slide in Apple and Goldman Sachs' shares pulled Wall Street lower on the last trading day of 2017, in what has been a banner year for US stocks. Apple declined 0.8 per cent after issuing a rare apology for slowing older iPhones with flagging batteries.

Goldman Sachs fell 1.27 per cent after the bank said its fourth-quarter earnings would take a $5 billion hit related to the tax overhaul. "By all accounts we know 2017 has been a great year in the markets," said Arian Vojdani, investment strategist at MV Financial.

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