U.S. stock indexes held near record levels, while the dollar gained as traders digested mixed data on the world’s largest economy amid bets interest rates will stay low.
The S&P 500 lost less than 0.1 percent to 2,186.16 as of 4 p.m. in New York. The U.S. benchmark has traded within a band of 1.5 percent for 39 days, the narrowest range ever for that length of time. It’s gone 42 sessions without a 1 percent move in either direction, the longest since 2014.
Asian stocks dropped for the first time in four days as raw-material producers and health-care companies fell. Japanese shares slid as investors assessed the chances of government stimulus after revised data showed the economy grew more than estimated.
The MSCI Asia Pacific Index slid 0.3 percent to 141.70 as of 9:13 a.m. in Tokyo.
Reference: Bloomberg
Thai
Eng