U.S. major indexes spent most of the session switching between small gains and minor losses before extending into gain at the last minute of the session. In light of that, analysts continue to warn investors about an expected pullback.
The S&P 500 ended the session with a 10.89 point increase at 2,498.47. Energy and consumer discretionary shares led the gains. The Dow Jones Industrial Average climbed up in the session with a 39.32 points, or 0.2%, increase closing at 22,158.18.
Technology stocks went lower by 0.2% after the surprising decline of Apple’s stock by 0.8% yesterday. The stock was traded at $160.31. Investors felt disappointed as it became known that the iPhone X would be available on the market no sooner than November 3.
Equity markets in Asia closed mixed. Australia and Japan managed to reap tidy gains. Finance shares led the rally.
Japan’s Nikkei went up by 0.5% during morning trade reaching 5-week high. Hong Kong’s Hang Seng Index closed in the red zone after falling by 0.5%. Weakness was also felt in China. Shanghai Composite went lower by 0.1%.
The British pound lost ground vs. the euro and US dollar on Wednesday due to data indicating lower wage growth in Britain than expected. Growth rate in April – June turned out to be 2.1% while analysts assessed it would stand at 2.3 %.
Versus the dollar, the pound fell by 0.56% closing at $1.3208. Versus the euro, it lost 0.3% closing at €1.1077.