Wall Street struggles to hang on to all-time highs
Wednesday, 13 September 2017 23:43 WIB | MARKET UPDATE |DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq

U.S. stocks switched between small gains and losses on Wednesday, with the S&P 500 and Nasdaq retreating from all-time highs as investors searched for catalysts that could breathe new life into the rally.

Some analysts argued that a pause was due after days of solid gains that propelled indexes to a records.

The S&P 500 briefly set an intraday record but pulled back, trading off by 1 point to 2,495. Of the 11 main sectors, six were trading lower. Energy and consumer discretionary shares led the gains, up 0.8% and 0.5%, respectively.

The Dow Jones Industrial Average was dipping in and out of negative territory and recently traded a touch higher at 22,122.

The Nasdaq Composite Index was off by 4 points to 6,450.

All three benchmarks closed at records on Tuesday, marking the first time since July 26 that they simultaneously achieved all-time highs.

Shares of Apple Inc. slipped 1.2%. The tech giant on Tuesday revealed its new lineup of gadgets, but the much anticipated new flagship iPhone X it won™t be delivered until November.

Source:  Marketwatch

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