A Fourth Estate® Service

Monday, January 18, 2021

Stock Market Opens Trading Session with Gains

The US stock market hit a record high as Pfizer announced that its experimental vaccine was over 90 percent effective in preventing the COVID-19 based on initial data from an in-depth study.

The US stock market hit a record high as Pfizer announced that its experimental vaccine was over 90 percent effective in preventing the COVID-19 based on initial data from an in-depth study.

On Monday, S&P 500 E-minis were up 2.44 percent, hitting an all-time high of 3,586.25 points, while Dow E-minis were up 688 points, or 2.44 percent and Nasdaq 100 E-minis were up 256.25 points, or 2.12 percent.

In Asia, the HSI jumped 1.18 percent or 303.20 points, while Japan’s NIKKEI jumped 2.12 percent or 514.61 points and China’s SHANGHAI jumped 1.86 percent or 61.57 points. In European markets, the STOXX jumped 3.87 percent or 112.12 points and the FTSE jumped 3.97 percent or 234.88 points.

In commodities, oil prices jumped 6.84 percent to be at $39,68 per barrel, while natural gas prices fell 0.35 percent to be at $2,88 per BTU.

Meanwhile, platinum prices jumped 0.80 percent to be at $906,60 per ounce while copper prices jumped 1.01 percent to be at $3,19 per pound. Also, gold prices fell 0.28 percent to be at $1,946 per ounce and silver prices jumped 0.34 percent to be at $25,75 per ounce.

In currencies, the Euro fell 0.0832 percent to be at $0,8411 per US dollar, while the Yen jumped 0.8323 percent or 0.8600 points and the Sterling jumped 0.1316 percent to be at $0,7606 per US dollar.

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