The Straits Times Index (STI) was little changed on Wednesday (Nov 24), ending 0.01 per cent or 0.38 point lower at 3,227.15. Advancers outnumbered decliners 243 to 210, with 1.64 billion shares worth S$1.03 billion changing hands. Across Asia, most markets also closed lower, amid investor concerns that the US Federal Reserve might speed up policy tightening to cope with broadening inflationary risks.
Wall Street stocks finished mostly higher on Wednesday following a heavy load of mostly solid economic data while some leading retail firms plunged on disappointing results. The deluge of economic releases ahead of Thursday's Thanksgiving holiday showed jobless claims hitting their lowest level since 1969, while consumer income and spending both rose more than expected. The broad-based S&P 500 gained 0.2 per cent to 4,701.46, just a few points shy of an all-time record. The tech-rich Nasdaq Composite Index gained 0.4 per cent to 15,845.22, while the Dow Jones Industrial Average lost less than 0.1 per cent at 35,804.38
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