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Stock market today: World stocks mixed as Wall St inches toward bull market

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World shares were mixed on Wednesday after China reported trade data pointing to a further slowing of its recovery from the disruptions of the pandemic.

Germany's DAX shed 0.3% to 15,937.77 and the CAC 40 in Paris slipped 0.4% to 7,183.35. London's FTSE 100 was barely changed at 7,626.60.The future for the S&P 500 was down 0.1% while that for the Dow industrials lost 0.2%. Oil prices advanced.

The Shanghai Composite index gained 0.1% to 3,197.76, while the Hang Seng in Hong Kong gained 0.8% to 19,252.00. On Tuesday, the S&P 500 rose 0.2%, ending just 0.2% away from finishing 20% above where it was in mid-October. Investors have taken heart as a long-predicted recession has yet to hit. Also, excitement around artificial intelligence has helped a select group of stocks to soar.

Next week, the U.S. government will publish its latest monthly updates on inflation, and the Federal Reserve will meet on interest-rate policy. The bet on Wall Street is that the Fed may hold off on hiking rates, which would be the first time that's happened in more than a year, but could resume raising rates in July.

Even though the S&P 500 is nearing a bull market, almost as many stocks within it are down this year as up as worries remain about falling corporate profits, still-high inflation and much higher interest rates than a year ago.

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