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Wall Street closes the session in another round of Record Highs

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.

 Asian markets closed mixed

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 Sterling loses strength due to figures indicating lower wages in Britain

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.

* The details mentioned above have been partially adopted from third party sources, including websites, and are displayed “AS-IS” Readers should take into account that all the data that appear in this review can change based on the dynamic of global markets. The information provided by the review ought not to be considered as advice or financial guidance nor can it relate to any investor’s personal requirements or investment goals. In addition, the data should not be conceived as any kind of recommendation to trade and / or carry out a transaction and / or deposit funds.