U.S. stocks halted their powerful November rally, with traders focused on a parade of Federal Reserve speakers to see whether the central bank will continue to dampen the market’s dovish narrative, reported Bloomberg.
The S&P 500 Index and Nasdaq 100 fell by 0.23% and 0.25%, respectively, as of 12:48 p.m. New York time. The Dow Jones Industrial Average fell by 0.25%.
Brent crude was trading 2.77% lower at $79.35 a barrel. Gold was lower by 0.79% at $1,953.80 an ounce.
India’s benchmark stock indices continued to advance after a one-day fall to end marginally higher on Wednesday. Pharma, realty and energy sectors advanced, whereas information technology and non-banking financial companies were under pressure.
Sensex jumped over 65,100, while the Nifty 50 scaled over 19,460 during intraday trading, the highest in over two weeks since Oct. 23.
The S&P BSE Sensex closed 33 points, or 0.05%, higher at 64,975.61, while the NSE Nifty 50 gained 37 points, or 0.19%, to end at 19,443.59.
Overseas investors remained net sellers of Indian equities for the eleventh day in a row on Wednesday. While foreign portfolio investors offloaded stocks worth Rs 84.6 crore, domestic institutional investors mopped up equities worth Rs 524.5 crore, the NSE data showed.
The Indian rupee closed flat at 83.28 against the U.S. dollar on Wednesday.