Stock Market Today: Dow, S&P Live Updates for January 7
Bloomberg.com••general
Key Points:
- The global stock rally, which had reached record highs, showed signs of losing momentum in Asian markets after a sharp run-up.
- A global stock gauge declined 0.1% on Wednesday following four consecutive days of gains that pushed the index to an all-time high.
- Asian stocks dropped 0.5% after starting the year with their best performance ever, indicating a potential market correction.
- The 14-day relative strength index for the MSCI Asia Pacific Index exceeded 70, signaling that the market entered technical overbought territory for the first time since October.
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