New York – US stocks slipped on Wednesday as technical support offset the latest batch of mixed data, which failed to lift sentiment after a string of soft economic indicators earlier in the week. In a volatile trading session, the benchmark Standard & Poor’s 500 Index hit a session low of 1,737.92, marking its lowest level since October 18, before rebounding to briefly climb into positive territory with a session high of 1,755.79. US data is being closely watched after a weak reading in the factory sector on Monday sent Wall Street into a tailspin and triggered a global equity selloff. Wednesday’s data left investors with little clarity about the economic impact from the harsh weather…
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Wall Street ends lower
New York – US stocks slipped on Wednesday as technical support offset the latest batch of mixed data, which failed to lift sentiment after a string of soft economic indicators earlier in the week. In a volatile trading session, the benchmark Standard & Poor’s 500 Index hit a session low of 1,737.92, marking its lowest level since October 18, before rebounding to briefly climb into positive territory with a session high of 1,755.79. US data is being closely watched after a weak reading in the factory sector on Monday sent Wall Street into a tailspin and triggered a global equity selloff. Wednesday’s data left investors with little clarity about the economic impact from the harsh weather…