The Nasdaq closed Wednesday at a record high, and the S&P 500 rose but just missed a fresh peak, as September kicked off with renewed buying of technology stocks and private payrolls data, which supported the case for dovish monetary policy.
Gold was down on Wednesday morning in Asia. Investors continued their cautious wait for the latest U.S. jobs report, which could provide clues on when the Federal Reserve could begin asset tapering and interest rate hikes.
Oil was up Wednesday morning in Asia ahead of an Organization of the Petroleum Exporting Countries (OPEC) and allies (OPEC+) meeting.
The dollar was up on Wednesday morning in Asia but was trading near its lowest point in nearly three weeks. Investors continued to keep moves small, with the latest U.S. jobs report, which could provide clues to the U.S. Federal Reserve’s asset tapering timeline, due on Friday.
The S&P 500 fell Tuesday, as a slip in technology offset gains in real estate stocks, but the broader market still closed out August with a seventh-straight monthly gain.
Asian shares gave up some of their recent gains in cautious trading on Wednesday while the dollar inched back from three-week lows, as worries about slowing global growth in several markets returned to weigh on traders’ minds.