The Latest News:
- U.S. stocks closed lower Wednesday, with tech stocks weighing on the market, the Wall Street Journal reports.
- The equities market advanced on reports of cease-fire talks between Russia and neighboring Ukraine.
- However, a 4.2% decline in Apple (NasdaqGS: AAPL) shares weighed on the broader benchmarks as competitor Samsung launched a new product.
- “Investors really want to play it safe coming into something like that,” Jonathan Corpina, senior managing partner at Meridian Equity Partners, said in the article. “Then the rest of the sector gets pulled down, too.”
- U.S. stocks remain elevated on bullish optimism as investors fuel gains on improved economic data and low interest rates.
- “When you get rid of this day-to-day noise, you’re looking at a pretty decent outlook for global growth,” Geoffrey Pazzanese, a manager of international stocks for Federated Investors, said in the article.
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Max Chen contributed to this article.