An index of world equity markets edged higher in choppy trading after hitting a record high on Tuesday ahead of the widely expected start of the Federal Reserve's interest rate cutting cycle, while U.S. Treasury yields and the dollar fell, APA reports, citing Reuters.
MSCI's all-country index (.MIWD00000PUS), was a shade higher by 0.04% after rising as far as 978.74, a record high. Wall Street stocks erased earlier session gains and finished lower, with utilities and real estate making the most losses while energy and consumer discretionary shares led the gains.
The Dow Industrial Average (.DJI), opens new tab fell 0.27% to 45,757.90, the S&P 500 (.SPX), opens new tab fell 0.13% to 6,606.76 and the Nasdaq Composite (.IXIC), opens new tab fell 0.07% to 22,333.96.
The pan-European STOXX 600 (.STOXX), opens new tab dropped 1.14%, led by declines in financials, real estate and industrials stocks.
