Breakfast briefing: Thursday, May 4 (Update)


Apple CEO Tim Cook speaks during an event at Apple headquarters in Cupertino, California March 21, 2016. REUTERS/Stephan Lam/Files

MarketWrap: Wall Street ended slightly lower on Wednesday after the US Federal Reserve held interest rates unchanged and investors digested another heavy round of earnings reports. The DJIA rose 8.01 points, or 0.04%, to 20,957.9, the S&P 500 lost 3.04 points, or 0.13%, to 2,388.13 and the Nasdaq dropped 22.82 points, or 0.37%, to 6,072.55, its biggest percentage drop in about three weeks. - Reuters

Energy

Oil prices settled slightly higher on Wednesday after a choppy trading session as the market digested US government data showing that while there were signs a crude glut may be receding, inventories remained large with gasoline demand weak. Benchmark Brent crude LCOc1 was up 33 cents at US$50.79. - Reuters

Forex summary

*The ringgit lost 0.16% to 4.3270 versus the US$

*It gained 0.01% to 4.7124 versus euro

*Up 0.13% to 5.5709 per pound sterling

*Up 0.01% to 3.0958 per Singapore dollar

*Up 0.85% to 3.2063 per Aussie

*0.09% lower to 3.8358 per 100 yen

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