Crude Oil Moves Lower; Williams-Sonoma Shares Gain After Q3 Results

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling by more than 100 points on Wednesday.

The Dow traded down 0.27% to 43,153.13 while the NASDAQ fell 0.88% to 18,820.86. The S&P 500 also fell, dropping, 0.63% to 5,879.70.

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Leading and Lagging Sectors

Health care shares rose by 0.7% on Wednesday.

In trading on Wednesday, consumer discretionary shares fell by 1.2%.

Top Headline

The EIA said crude oil inventories in the U.S. increased by 0.545 million barrels in the week ended Nov. 15, compared to market estimates of a 0.4 million gain.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded down 0.4% to $69.10 while gold traded up 0.9% at $2,655.40.

Silver traded down 0.4% to $31.130 on Wednesday, while copper rose 0.3% to $4.1560.

Euro zone

European shares closed lower today. The eurozone's STOXX 600 fell 0.02%, Germany's DAX declined 0.29% and France's CAC 40 fell 0.43%. Spain's IBEX 35 Index rose 0.01%, while London's FTSE 100 fell 0.17%.

Construction output in the Eurozone fell by 1.6% year-over-year in September compared to a 2.5% decline in the previous month. Producer prices in Germany fell by 1.1% year-over-year in October.

UK's producer prices declined by 0.8% year-over-year in October versus a revised 0.6% fall in September. Annual inflation rate in the UK rose to 2.3% in October from 1.7% in September.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 falling 0.16%, Hong Kong's Hang Seng Index gaining 0.21% and China's Shanghai Composite Index gaining 0.66%.

Japan's trade deficit shrank to JPY 461.25 billion in October compared to JPY 702.86 in the year-ago month.

Economics

  • Mortgage applications in the U.S. rose 1.7% from the previous week in the week ending Nov. 15, compared to a 0.5% gain in the prior period.
  • The EIA said crude oil inventories in the U.S. increased by 0.545 million barrels in the week ended Nov. 15, compared to market estimates of a 0.4 million gain.

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