A Fourth Estate® Service

Sunday, January 17, 2021

Stock Market Closes Trading Session with Losses

The US stock market fell as losses in richly priced tech juggernauts, jitters over the November 3rdpresidential election and a record rise in COVID-19 cases snuffed investors’ sentiment.

The US stock market fell as losses in richly priced tech juggernauts, jitters over the November 3rdpresidential election and a record rise in COVID-19 cases snuffed investors’ sentiment.

On Friday, the Dow Jones fell 153.83 points, or 0.58 percent, to 26,505.28, while the S&P 500 lost 39.94 points, or 1.21 percent, to 3,270.17 and the Nasdaq 100 dropped 274.00 points, or 2.45 percent, to 10,911.59.

In Asia, the HSI fell 1.95 percent or 479.18 points, while Japan’s NIKKEI fell 1.52 percent or 354.81 points and China’s SHANGHAI fell 1.47 percent or 48.19 points. In European markets, the STOXX fell 0.07 percent or 1.77 points and the FTSE fell 0.08 percent or 4.48 points.

In commodities, oil prices fell 0.95 percent to be at $35,35 per barrel, while natural gas prices jumped 0.06 percent to be at $3,36 per BTU.

Meanwhile, platinum prices fell 0.14 percent to be at $847,20 per ounce while copper prices jumped 0.13 percent to be at $3,05 per pound. Also, gold prices fell 0.04 percent to be at $1,879 per ounce and silver prices jumped 0.14 percent to be at $23,68 per ounce.

In currencies, the Euro jumped 0.2102 percent to be at $0,8583 per US dollar, while the Yen jumped 0.0478 percent or 0.0017 points and the Sterling fell 0.2198 percent to be at $0,7718 per US dollar.

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