U.S. stock-index gauges on Wednesday traded lower, albeit off the worst levels, on the last day of the month, as a slump in bank shares and a lackluster reading of economic reports weighed on investor sentiment.
Wall also was awaiting the Federal Reserveâ€™s anecdotal report on economic conditions at its districts, known as the Beige Book.
The S&P 500 index fell 5 points, or 0.2%, at 2,407, with the financial sector, down 1.2%, representing the worst performer among the broad-market gaugeâ€™s 11 sectors, and energy down 0.7%.
The Dow Jones Industrial Average was trading 40 points, or 0.2%, lower at 20,990, with 2% or more declines in shares of J.P. Morgan Chase & Co. and Goldman Sachs Group Inc. dragging blue chips firmly into the red. Combined, the pair of bank stocks were contributing the lionâ€™s share of the Dowâ€™s loss.
Meanwhile, the Nasdaq Composite Index after briefly touching an intraday high of 6,221.99, was trading 15 points, or 0.3%, lower at 6,189.
All of the equity indexes were off their worst levels of the session in late-morning trade.
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Sumber : bpfnews.com