A Fourth Estate® Service

Friday, January 15, 2021

Stock Market Opens Trading Session with Losses

The US stock market fell as rising COVID-19 cases in the United States raised fears among investors in the country and all over the world about a slow economic recovery.

The US stock market fell as rising COVID-19 cases in the United States raised fears among investors in the country and all over the world about a slow economic recovery.

On Wednesday morning, the Dow Jones were down 490 points, or 1.8 percent, at 26,875, while the S&P 500 dropped 50.35 points, or 1.5 percent, to 3,332.75, and the Nasdaq 100 dropped 133.75 points, or 1.2 percent, to 11,454.25.

In Asia, the HSI fell 0.32 percent or 78.39 points, while Japan’s NIKKEI fell 0.29 percent or 67.29 points and China’s SHANGHAI jumped 0.46 percent or 14.92 points. In European markets, the STOXX fell 2.37 percent or 66.14 points and the FTSE fell 1.79 percent or 102.71 points.

In commodities, oil prices fell 4.47 percent to be at $37,80 per barrel, while natural gas prices fell 0.88 percent to be at $3,28 per BTU.

Meanwhile, platinum prices fell 1.58 percent to be at $872,80 per ounce while copper prices fell 0.76 percent to be at $3,07 per pound. Also, gold prices fell 0.97 percent to be at $1,893 per ounce and silver prices fell 1.87 percent to be at $24,11 per ounce.

In currencies, the Euro jumped 0.4955 percent to be at $0,8519 per US dollar, whole the Yen fell 0.1054 percent or 0.1100 points and the Sterling jumped 0.7175 percent to be at $0,7720 per US dollar.

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