Sun, 01 Aug 2021

NEW YORK, New York - U.S. stocks were directionless on Wednesday with minor adjustments in all major indices.

The Nasdaq did best, rising 18.46 points or 0.13 percent to 14,271.73.

The Dow Jones industrials dropped 71.34 points or 0.21 percent to 33,874.24.

The Standard and Poor's 500 slipped 4.58 points or 0.11 percent to 4,241.86.

The currency markets were quiet with the U.S. dollar edging higher after dipping earlier during the Asian and European trading zones.

The euro dipped to 1.1924 approaching the New York close Wednesday. The British pound fell to 1.3958. The Japanese yen declined to 110.99. The Swiss franc let go a few points to 0.9187.

The Canadian dollar slipped to 1.2309. The New Zealand dollar was weak at 0.7042. The Australian dollar however went against the trend, firming to 0.7572.

The U.S. Federal Reserve on Wednesday announced that it would continue its Fed Listens initiative in 2021 to learn from a broad range of individuals, households, and communities about the economic recovery from the COVID-19 pandemic.

"During the Federal Reserve's 2019 monetary policy framework review, the Fed Listens series of events provided valuable feedback from a broad range of groups and communities on the state of the economy and on issues related to our monetary policy goals," Governor Michelle W. Bowman said Wednesday. "Continuing the initiative in years that we are not reviewing our framework will similarly benefit the Federal Reserve's ongoing policymaking process, while also enhancing transparency and public accountability."

Overseas, the FTSE 100 in London declined 0.22 percent. The German Dax fell 1.15 percent, while in Paris, France the CAC 40 was down 0.91 percent.

On Asian markets, in Tokyo, the Nikkei 225 slipped 9.24 points or 0.03 percent to 28,874.89.

China's Shanghai Composite edged up 8.86 points or 0.25 percent to 3,566.22.

The Australian All Ordinaries dropped 40.60 points or 0.53 percent to 7,552.10.

In Hong Kong, the Hang Seng did best, jumping 507.31 points or 1.79 percent to 28,817.07.

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