U.S. stocks traded lower midway through trading, with the S&P 500 falling around 0.2% on Wednesday.
The Dow traded down 0.21% to 41,520.08 while the NASDAQ fell 0.25% to 17,584.86. The S&P 500 also fell, dropping, 0.21% to 5,622.88.
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Leading and Lagging Sectors
Top Headline
Housing starts in the U.S. climbed by 9.6% from the prior month to an annualized rate of 1.356 million units for August. U.S. building permits gained by 4.9% to an adjusted annual rate of 1.475 million in August.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded down 0.8% to $70.65 while gold traded up 0.3% at $2,599.90.
Silver traded down 0.3% to $30.90 on Wednesday, while copper rose 0.6% to $4.2990.
Euro zone
Annual inflation rate in the Eurozone fell to 2.2% in August, recording the lowest level since July 2021, compared to 2.6% in the prior month. Construction output in the Eurozone fell by 2.2% year-over-year in July compared to a revised 1.3% decline in the previous month.
Annual inflation rate in the UK came in unchanged at 2.2% in August, in line with estimates, while producer prices increased 0.2% year-over-year in August.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 gaining 0.49%, China's Shanghai Composite Index gaining 0.49% and India's BSE Sensex falling 0.16%.
Japanese trade deficit shrank to JPY 695.30 billion in August from JPY 940.10 billion in the year-earlier month, and versus market expectations of a JPY 1,380 billion gap.
Economics
U.S. mortgage applications surged by 14.2% from the prior week in the week ending Sept. 13.
Housing starts in the U.S. climbed by 9.6% from the prior month to an annualized rate of 1.356 million units for August.
U.S. building permits gained by 4.9% to an adjusted annual rate of 1.475 million in August.
U.S. crude oil inventories declined by 1.630 million barrels in the week ended Sept. 13, compared to market estimates of a 0.1 million decrease.
