Wednesday’s trading sessions were mixed for the major global indices, but whether the movement was up or down, stocks didn’t move much in either direction.
In Asia, the Nikkei 225 in Tokyo declined 1.5 percent to 13,668.32, while the Hang Seng Index in Hong Kong inched down 0.3 percent to 21,883.66.
In Europe, stocks were little changed at the close of trading from earlier in the day. The FTSE 100 in London was up 0.8 percent to 6,621.06, Paris’ CAC 40 inched ahead 0.2 percent to 3,992.69 and the DAX in Frankfurt grew just 0.1 percent to 8,275.97. Milan’s FTSE MIB dipped 0.4 percent to 16,482.35.
Retail and luxury stocks had a mixed day, with the biggest gains coming from Safilo, up 3.5 percent to 15.41 euros; Unilever, 2 percent to 30.41 euros; and Compagnie Financière Richemont, 1.5 percent to 90.60 Swiss francs.
Among the stocks losing ground were Mulberry, down 3.8 percent to 9.68 pounds; Inditex, 2.7 percent to 100.20 euros, and Yoox, which slipped 1.3 percent to 19.73 euros.
In the U.S., the Dow Jones Industrial Average slipped 0.1 percent to 15,499.54, while the S&P 500 Retailing Industry Group inched up 0.3 percent to 836.14.
Shares of J.C. Penney Co. Inc. were the big loser on the New York Stock Exchange, dropping 10.2 percent to $14.60 over credit concerns, while Pacific Sunwear of California Inc. rose the most, gaining 6.5 percent to $4.45 in over-the-counter trading.