Investing.com -- Major market indexes on Wall Street declined today, largely on worries that President-elect Donald Trump didn't sufficiently outline his entire fiscal and economic agenda during his news briefing yesterday.
The Dow was down to 19886.57, a decline of 67.71 points, or 0.34%.
The Nasdaq also dipped to 5541.19, a drop of 22.31 points, or 0.41%.
The S&P 500 also slipped to 2268.50, a drop of 6.78 points, or 0.30%.
At one point during intraday trading, declining shares in Goldman Sachs (NYSE:GS) led the market down by close to 200 points.
The outlook is still expected to be good, for the short-term, especially the proposal to add $1 trillion in infrastructure spending over the next year in the U.S. Analysts are looking for more details on tax reform, budget reform, and trade policy.
The President-elect did detail new concerns over the price of pharmaceuticals sold to the U.S. government, which controls about 50% of all healthcare spending in the U.S. through Medicare, Medicaid subsidies, and Veteran's health benefits.
Trump said the government could save "billions" if he renegotiated the price of drugs, presumably with the CEOs of drugmakers directly, like he did recently on the price of defense contracts with Boeing (NYSE:BA) and Lockheed-Martin.
The price of shares of Pfizer (NYSE:PFE), Bristol-Myers Sqibb, and other health care product providers slid by 3% on the remarks.
Trump yesterday may have also put to rest worries that Russia may have been involved in the penetration of the poorly secured servers at the Democratic National Committee (DNC) party headquarters last year, acknowledging that he thought Moscow may have been involved, but that other nations may have been involved too.
He added that though he wishes for friendly relations with Vladimir Putin, he is willing to play political hardball with the former KGB lieutenant colonel and FSB chief.
"Do you honestly believe that Hillary (Clinton) would be tougher on Putin than me?" said Trump, in his characteristic, brash, New York City style. "Does anybody in this room really believe that? Give me a break."