A Fourth Estate® Service

Sunday, January 17, 2021

Stock Market Closes Trading Session with Losses

The US stock market fell as COVID-19 cases soared globally and investors in the United States and all around the world also worried about the chance of a contested US presidential election.

The US stock market fell as COVID-19 cases soared globally and investors in the United States and all around the world also worried about the chance of a contested US presidential election.

On Wednesday, the Dow Jones fell 939.13 points, or 3.42 percent, to 26,524.06, while the S&P 500 lost 119.26 points, or 3.52 percent, to 3,271.42 and the Nasdaq 100 dropped 426.48 points, or 3.73 percent, to 11,004.87.

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 2.97 percent or 82.71 points and the FTSE fell 2.55 percent or 146.19 points.

In commodities, oil prices jumped 0.26 percent to be at $37,48 per barrel, while natural gas prices fell 0.40 percent to be at $3,28 per BTU.

Meanwhile, platinum prices jumped 0.05 percent to be at $875,40 per ounce and copper prices jumped 0.28 percent to be at $3,07 per pound. Also, gold prices jumped 0.01 percent to be at $1,879 per ounce and silver prices jumped 0.50 percent to be at $23,48 per ounce.

In currencies, the Euro jumped 0.3893 percent to be at $0,8510 per US dollar, while the Yen fell 0.0575 percent or 0.0600 points and the Sterling jumped 0.4697 percent to be at $0,7701 per US dollar.

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