NEW YORK, New York - Stocks were easier again on Wednesday following dramatic falls a day earlier as investors continue to get used to changing of the guard, new and higher interest rates replacing those of near zero.
."We think we're in an entirely new decade of market behavior," Eaton Vance's Aaron Dunn said Wednesday.
"I'm worried that there's a reckoning coming that we haven't faced yet," he said.
Despite the uncertainty driving markets, some indices managed marginal gains.
The Standard and Poor's 500 edged up 5.64 points or 0.14 percent to 3,992.01.
The Nasdaq Composite edged up 45.67 points or 0.40 percent to 11,576.00.
The Dow Jones industrials lost 58.06 points or 0.18 percent to 32,798.40.
The U.S. dollar held steady against major currencies on Wednesday as investors remained cautious ahead of key economic data releases and central bank announcements later in the week.
The euro was only marginally lower approach the U.S. close Wednesday, The EU into last traded at 1.0546. The Japanese yen eased 0.09 percent to 137.26.
The Canadian dollar was little changed at 1.3793. The British pound inched up 0.20 percent to 1.1847.
The Swiss franc edged up 0.07 percent to 0.9412. The Australian dollar was little changed at 0.6593, while the New Zealand dollar gained 0.12 percent to last trade Wednesday at 0.6113..
Global stock markets closed mixed on Wednesday, with some indices posting gains while others suffered losses. In Europe, the CAC 40 closed down 0.20 percent at 7,324.76 points, while the ESTX 50 PR.EUR gained 0.22 percent to close Wednesday at 4,288.45 points. The BEL 20 and Euronext 100 Index both closed down slightly, falling 0.08 percent and 0.03 percent, respectively.
The FTSE 100 in London rose by 0.13 percent, closing at 7,929.92 points, while the German Dax gained 0.46 percent to close Wednesday at 15,631.87 points.
However, other indices, particularly in Asia and the Pacific, were not as fortunate. The Hang Seng closed down 2.35 percent at 20,051.25 points, while the KOSPI Composite Index in Seoul, South Korea, lost 1.28 percent to close at 2,431.91 points. Australia's S&P/ASX 200 also posted losses, falling by 0.77 percent to close at 7,307.80 points, while the Australian All Ordinaries fell 0.78 percent to close at 7,503.90.The Nikkei 225 also rose, gaining 0.48 percent to close at 28,444.19 points.
In Indonesia, the IDX Composite gained 0.14 percent to close at 6,776.37 points, while the FTSE Bursa Malaysia KLCI fell by 0.27 percent to close Wednesday at 1,454.66. The Shanghai Composite Index closed down 0.06 percent at 3,283.25 points, while the Shenzhen Index lost 0.09 percent to close at 11,598.29.
The MOEX Russia Index closed down 0.19 percent at 2,222.51 points, while the S&P BSE SENSEX gained 0.21 percent to close at 60,348.09 points. New Zealand's S&P/NZX 50 INDEX closed down 0.54 percent at 11,855.54 points, and the STI Index lost 0.57 percent to close at 3,226.86 points.
Overall, global stock markets showed mixed results on Wednesday, with some indices posting gains while others suffered losses. The market's overall performance was affected by a variety of factors, including economic data, geopolitical tensions, and company earnings reports.
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