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Dow Jones

Investors brace for 2017 shocks after surprise 2016 US run

NEW YORK: After a late-year rally fuelled by the US election pushed stocks to surprising new peaks, investors are wary that the market could be primed for a spill to start 2017. The benchmark S&P 500 .SPX is set to post a roughly 10 per cent price gain for 2016 and around 12 per cent on a total return basis, including reinvested dividends. That tops the single-digit increase expected by market participants polled by Reuters a year ago, with more than half of the advance coming after Donald Trump's Nov. 8 presidential…