NEW YORK – European and US equity indices mostly retreated Wednesday as markets absorbed recent gains, while oil prices continued an upward climb.
The blue-chip Dow index edged to a fresh record, but other major US indices declined, along with bourses in Paris, Frankfurt and London.
“Despite notable market drivers in the form of the US stimulus plans and ongoing coronavirus vaccination program, the gains seen last week appear to have captured much of that initial improvement in sentiment,” said Joshua Mahony, senior market analyst at online trading group IG.
“Instead, we appear to be in a holding pattern as markets await a breakthrough in stimulus talks.”…
Keep on reading: European, US stocks mostly dip; oil rally continues