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US stocks closed mostly lower on Wednesday, with energy weighing, as oil prices fell sharply despite bullish inventories data.
The Nasdaq outperformed, gaining approximately 0.3 percent as Apple and the iShares Nasdaq Biotechnology ETF (IBB) rose 3.6 percent and 1.2 percent, respectively. Apple posted its best day since July 27 and hit a nine-month high.
The Dow Jones industrial average fell 31.98 points, or 0.18 percent, to close at 18,034.77, with American Express leading decliners and Apple the top riser. TheS&P 500 slipped 1.25 points, or 0.06 percent, to end at 2,125.77, with energy leading seven sectors lower and information technology as the only advancers. TheNasdaq gained 18.52 points, or 0.36 percent, to close at 5,173.77.
Posted in: Indian Market Tips
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