NEW YORK: US stocks are little changed, as gains in the technology sector offset losses in energy and helped keep major indexes nearly flat.
The S&P technology index was up 0.1 per cent and poised to snap a five-session losing streak, its longest since April, led by gains in Facebook, up 1.0 per cent, and Visa, up 0.8 per cent.
Trading volumes remained muted in the holiday-shortened week between Christmas and New Year. Trading on Tuesday marked the thinnest volume of the year for a full session.
The Dow Jones Industrial Average was up 0.06 per cent, at 24,760.56, but the S&P 500 had lost 0.02 per cent, to 2,679.94 and the Nasdaq Composite was steady at 6,936.04.
LONDON: European tech stocks tumbled on Wednesday as the region emerged from a two-day trading holiday and investors reacted to reports that demand for Apple’s iPhone X may be weaker than expected.
The pan-European STOXX 600 inched 0.1 per cent higher, as the downturn in the high-performing tech sector amid news of weak iPhone X shipments was slightly outweighed by strong mining and oil stocks.
Euro zone blue chips ended flat, with the index slightly down on the month and set for its second straight month of losses.
Frankfurt’s DAX was down 0.02 per cent at 13,070.02.
But British stocks hit fresh record highs, boosted by a rally in commodity stocks and a 28 per cent jump for IWG after the serviced office provider confirmed a takeover approach.
Investors cheered the news that IWG had received an all-cash approach from Canadian private equity firm Onex and Brookfield Asset Management.
London’s FTSE 100 hit its highest level ever at 7,632.71 points, slightly topping the previous record high hit last week, before paring some gains and ending up 0.37 per cent at 7,620.68.
Miners Glencore, Rio Tinto and BHP Billiton delivered the biggest boost to the blue-chip index, rising by 1.4 to 2.1 per cent as metals prices hovered near the three-and-a-half-year highs they hit on a strong Chinese growth outlook.
TOKYO: Asian share markets were mixed on Wednesday.
Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.36 per cent, a one-month high, while Japan’s Nikkei index closed up 0.08 per cent at22,911.21.
Hong Kong shares were little changed on their first trading day after the Christmas break, with the benchmark Hang Seng Index rising 0.07 per cent to 29,597.66.
China’s main Shanghai Composite index closed down 0.92 per cent at 3,275.78 points while its blue-chip CSI300 index ended down 1.54 per cent at 3,991.21.
WELLINGTON: The S&P/NZX 50 index fell 0.2 per cent, to 8374.43.