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U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining over 100 points on Wednesday.
The Dow traded down 0.28% to 33,469.12 while the NASDAQ rose 0.75% to 12,270.95. The S&P 500, also rose, gaining, 0.22% to 4,128.18.
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The annual inflation rate in the US fell to 4.9% in April, recording the lowest level since April 2021, and compared to 5% in March.
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In commodity news, oil traded down 1.3% to $72.75 while gold traded down 0.6% at $2,030.40.
Silver traded down 1.3% to $25.575 on Wednesday while copper fell 1.7% to $3.8365.
European shares were lower today. The eurozone’s STOXX 600 dropped 0.38%, London’s FTSE 100 fell 0.29% while Spain’s IBEX 35 Index fell 0.18% The German DAX fell 0.37%, French CAC 40 dipped 0.39% and Italy’s FTSE MIB Index fell 0.43%.
Asian markets closed mostly lower on Wednesday, with Japan’s Nikkei 225 dropping 0.41%, Hong Kong’s Hang Seng Index dropping 0.53% and China’s Shanghai Composite Index falling 1.15%. India’s S&P BSE Sensex rose 0.3%.
The annual inflation rate in the US fell to 4.9% in April, recording the lowest level since April 2021, and compared to 5% in March.