• S&P 500 erases gains and ends day slightly lower as market rally stalls

    26 May 2021 | SET News

S&P 500 erases gains and ends day slightly lower as market rally stalls


U.S. stocks wiped out earlier gains and finished Tuesday’s session lower as the market struggled for a direction.

The S&P 500 dipped 0.2% to 4,188.13, dragged down by the energy sector. The tech-heavy Nasdaq Composite ended the day flat at 13,657.17. The Dow Jones Industrial Average fell 81.52 points, or 0.2%, to 34,312.46 after rising more than 100 points at its session high.

Asia-Pacific stocks mixed; multiple Southeast Asian markets closed for a holiday


Stocks in Asia-Pacific were mixed in Wednesday morning trade after a recent Wall Street rally stalled overnight stateside.

The Nikkei 225 in Japan was fractionally lower in early trade while the Topix index sat below the flatline. South Korea’s Kospi advanced 0.13%.

The S&P/ASX 200 in Australia edged 0.35% lower.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded little changed.

The Reserve Bank of New Zealand is set to announce its interest rate decision at 10:00 a.m. HK/SIN. Ahead of that announcement, the New Zealand dollar traded at $0.7223, following its rise earlier this week from below $0.72.

In Southeast Asia, markets in Indonesia, Singapore and Thailand are closed for a holiday on Wednesday.

 

Reference: CNBC

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