A Fourth Estate® Service

Wednesday, January 20, 2021

Stock Market Closes Trading Session with Losses

The US stock market fell as lawmakers in Washington still appeared to struggle to reach a deal on COVID-19 stimulus ahead of a Tuesday deadline that would make a relief package possible ahead of the presidential elections.

On Monday, the Dow Jones fell 398.68 points, or 1.39 percent, to 28,207.63, while the S&P 500 lost 56.44 points, or 1.62 percent, to 3,427.37 and the Nasdaq 100 dropped 190.49 points, or 1.63 percent, to 11,481.07.

In Asia, the HSI jumped 0.64 percent or 55.47 points, while Japan’s NIKKEI jumped 1.11 percent or 260.50 points and China’s SHANGHAI fell 0.71 percent or 23.69 points. In European markets, the STOXX fell 0.40 percent or 11.61 points and the FTSE fell 0.59 percent or 34.93 points.

In commodities, oil prices fell 0.66 percent to be at $40,56 per barrel, while natural gas prices jumped 1.90 percent to be at $2,85 per BTU.

Meanwhile, platinum prices fell 0.97 percent to be at $855,10 per ounce, while copper prices fell 0.32 percent to be at $3,08 per pound. Also, gold prices fell 0.42 percent to be at $1,903 per ounce and silver prices fell 1.43 percent to be at $24,34 per ounce.

In currencies, the Euro fell 0.4338 percent to be at $0,8493 per US dollar, while the Yen jumped 0.0095 percent or 0.0100 points and the Sterling fell 0.1551 percent to be at $0,7726 per US dollar.

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