Stocks Falter After Wall Street Record; Gold Drops: Markets Wrap

(Bloomberg) — European stocks edged lower while U.S. futures drifted as investors weighed what’s next for the post-pandemic rally after shares hit all-time highs on Wall Street. Gold slipped back below $2,000 an ounce.Declines in RWE AG and other utilities outweighed gains in travel shares as the Stoxx Europe 600 Index opened. Contracts on both the S&P 500 and Nasdaq 100 erased earlier moves after the benchmarks closed at records Tuesday. The dollar held five days of declines against its major peers and Treasuries rose before the Federal Reserve releases minutes of its last open-market committee meeting.Asia stocks were mixed. …read more

Source:: Yahoo Finance

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