The S&P 500 and Dow U.S. stock indexes ended at fresh record highs on Wednesday even as a rally in U.S. and European shares lost much of its steam on a plunge in oil prices and caution ahead of corporate results.
The S&P 500 ended at 2,152.43, a hair above Tuesday's close of 2.142.14, to notch its third consecutive record close. The Dow ended at 18,372.12, topping Tuesday's close of 18,347.67 to mark its second straight record close.
The Dow Jones industrial average ended up 24.45 points, or 0.13 percent, at 18,372.12. The S&P 500 closed up 0.29point, or 0.01 percent, at 2,152.43. The Nasdaq Composite ended down 17.09 points, or 0.34 percent, at 5,005.73.
Wall Street is puzzling it all out as it prepares for the next FOMC meeting at the end of July. Thus the breather.
Asian shares held near eight-month high on Thursday as investors bet the Bank of England will cut rates in a pre-emptive strike to ward off a recession following the country's decision to leave the European Union.
MSCI's broadest index of Asia-Pacific shares outside Japan were down 0.1 percent in early trade but stood near its eight-month peak hit on Wednesday. Japan's Nikkei was flat
Reference: Reuters, Kitco
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