A Fourth Estate® Service

Wednesday, January 20, 2021

Stock Market Closes Trading Session with Gains

The US stock market jumped as the presidential election remained undecided and the likelihood of gridlock in the House of Representatives gave investors in the United States and all over the world optimism that policy changes would be difficult to enact.

The US stock market jumped as the presidential election remained undecided and the likelihood of gridlock in the House of Representatives gave investors in the United States and all over the world optimism that policy changes would be difficult to enact.

On Wednesday, the Dow Jones rose 605.68 points, or 2.2 percent, to 28,085.71, while the S&P 500 gained 96.07 points, or 2.85 percent, to 3,465.23 and the Nasdaq 100 added 441.61 points, or 3.96 percent, to 11,602.18.

In Asia, the HSI fell 0.21 percent or 53.59 points, while Japan’s NIKKEI jumped 1.72 percent or 399.75 points and China’s SHANGHAI jumped 0.19 percent or 6.37 points. In European markets, the STO jumped 2.36 percent or 66.45 points while the FTSE jumped 1.67 percent or 96.49 points.

In commodities, oil prices fell 0.20 percent to be at $39,07 per barrel, while natural gas prices jumped 0.49 percent to be at $3,06 per BTU.

Meanwhile, platinum prices jumped 0.28 percent to be at $872,50 per ounce while copper prices jumped 0.05 percent to be at $3,11 per pound. Also, gold prices jumped 0.11percent to be at $1,896 per ounce and silver prices jumped 0.15 percent to be at $23,93 per ounce.

In currencies, the Euro fell 0.0820 percent to be at $0,8527 per US dollar while the Yen fell 0.0191 percent or 0.0200 points and the Sterling jumped 0.4833 percent to be at $0,7693 per US dollar.

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