Stock Market

Short-term borrowing rates in the United States were mixed on Wednesday but remained near record lows, while bank-to-bank euro funding costs fell with the benchmark rate hitting a fresh low. Three-month borrowing rates for US banks were 0.2537 percent on January 13, according to ICAP's New York Funding Rate, down from 0.2544 percent on Tuesday. That rate remains near the recent record low of 0.2500 percent from late December.