The Dow Jones Industrial Average climbed 90.42 points, or 0.25%, setting a new record. The S&P 500 rose 0.14%, setting its own record, while the Nasdaq Composite ended down 0.10%. It marked the first record close for the Dow since Nov. 8.
|I:DJI||DOW JONES AVERAGES||35911.81||-201.81||-0.56%|
|I:COMP||NASDAQ COMPOSITE INDEX||14893.75271||+86.94||+0.59%|
Meanwhile, oil climbed 0.76% to $76.56 per barrel, its highest level since Nov. 24. The 10-year Treasury yield also jumped 6.2 basis points to 1.542%, finishing at a five-week high.
On the economic data front, pending home sales fell 2.2% month over month in November, according to the National Association of Realtors. Economists surveyed by Refinitiv expected an increase of 0.5%.
In stocks, Tesla shares finished flat Wednesday after CEO Elon Musk exercised all of his stock options set to expire in 2022.
Cal-Maine Foods ended Wednesday's trading session down more than 5% after earning 2 cents per share for its latest quarter, falling short of Refinitiv's 30-cent consensus estimate.
|CALM||CAL-MAINE FOODS INC.||41.13||+1.22||+3.06%|
Shares of Chinese ride-hailing firm Didi also dropped 8% on Wednesday after Reuters reported that the company would list in Hong Kong in mid-2022 without issuing more shares or raising additional capital. Alibaba and Weibo also took a hit following a report that the former was considering selling its 30% stake in the latter to state-owned Shanghai Media Group.
|DIDI||DIDI GLOBAL INC||4.67||0.00||0.00%|
|BABA||ALIBABA GROUP HOLDING LTD.||131.57||+0.20||+0.15%|
Victoria's Secret also rallied 12% after the intimate apparel retailer announced a $250 million share repurchase program. In addition, the company reaffirmed its fourth-quarter guidance of diluted earnings per share in the range of $2.35 to $2.65 and total fourth-quarter sales in the range of flat to up 3% versus last year's $2.1 billion during the same period.
|VSCO||VICTORIA'S SECRET & CO.||56.33||-0.31||-0.55%|
Overseas, Japan's benchmark Nikkei 225 index lost 0.5%, Hong Kong's Hang Seng index dropped 0.8% and China's Shanghai Composite shed 0.9%. In Europe, London's FTSE rose 0.6%, Germany's DAX declined 0.7%, and France's CAC40 Index fell 0.2%.
FOX Business' Ken Martin contributed to this report.