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S&P/ASX 200 trades near flatline as Sydney lockdown gets extended for another two weeks
U.S. consumer prices have increased sharply amid supply constraints and a continued rebound in the costs of travel-related services. Spot gold was flat at US$1,806.07 per ounce on Wednesday.
S&P/ASX 200 (INDEXASX:XJO) has gained 0.093% to 7,339 points by about 1.40 pm as Sydney’s current lockdown conditions were extended for at least another two weeks to July 30.
Tech stocks were being dragged down by Afterpay (ASX:APT), which fell heavily after Bloomberg reported that Apple (NASDAQ:AAPL) plans to offer a competing buy-now pay-later product in partnership with Goldman Sachs (NYSE:GS).