Asian shares were mostly lower Wednesday after a mixed session on Wall Street following a three-day holiday weekend.
Nearly three out of every four stocks fell within the S&P 500. But strength for a handful of highly influential Big Tech stocks helped the index hold up overall. It edged higher by 1.32, or less than 0.1%, to 5,306.04. They helped offset drops for health care stocks, which had some of Wall Street’s sharpest losses. Moderna fell 8%, Merck dropped 2.6% and Vertex Pharmaceuticals sank 2.2%.
This week has several reports that could sway the Fed’s thinking, beyond Tuesday’s on confidence among consumers.
Source: News Formal (newsformal.com)
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