Wall Street little changed as investors digest Fed's Beige Book
(MENAFN- ProactiveInvestors - Australia)
U.S. equities closed mixed Wednesday, with consumer staples lagging, as investors digested the release of the Federal Reserve's Beige Book.
The Beige Book is an important indicator on the state of the U.S. economy and as such, is a critical tool for the Fed in making key decisions, showed the Fed sees moderate wage growth in the coming months.
By the close the Dow Jones had eased 0.1% to 18,526. The S & P 500 ended the session where it started at 2186. The NASDAQ added 0.2% to 5284, and new-all-time high.
Commodities
West Texas Intermediate settled 1.5% higher at US$45.50 a barrel.
New York gold for December delivery settled down 0.3% at US$1349 an ounce.
The yellow metal is still up 27% year-to-date.
Silver was also sold off, losing 1.3% to US$19.87 an ounce.
Worth noting - silver is still up 42% since the beginning of 2016. <
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