Sun, 17 Nov 2019

U.S. markets drift as investors take stock

Lola Evans
07 Nov 2019, 05:13 GMT+10

NEW YORK, New York - Stocks in the United States were slightly easier to flat on Wednesday, as traders and investors took profits on recent record-breaking highs.

There was speculation following a report by Reuters that the U.S. China trade deal, or phase one of a proposed pact, may not be signed until next month.

The Dow Jones dropped 1.31 points to 27,491.32.

The Standard and Poor's 500 inched up by 0.93 of a point or 0.03% to 3,075.55.

The Nasdaq Composite shed 26.58 points or 0.32% to 8,408.11.

The U.S. dollar remained supreme, continuing to claw back losses of recent weeks, albeit at a slower pace.

The euro drifted lower to 1.1067. The British pound weakened to 1.2850. The Japanese yen nudged down to 108.91. The Swiss franc was little changed at 0.9924.

The Canadian dollar fell to 1.3185. The Australian dollar dipped to 0.6878. The New Zealand dollar remained weak at 0.6368.

In overseas equity markets, the German Dax rose 0.24%. The Paris-based CAC 40 added 0.34%.

In London, the FTSE 100 climbed 0.12%.

In Asia, the Nikkei 225 rose 51.83 points or 0.22% to 23,303.82.

The Shanghai Composite fell 38.40 points or 0.56% to 6,773.20.

The Australian All Ordinaries declined 12.97 points or 0.43% to 2,978.60.

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