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US Stocks Fall – Investors Return to Work After Holiday

by Carl Steward
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US Stocks Fall - Investors Return to Work After HolidayUS Stocks Fall – Investors Return to Work After Holiday

U.S. stocks fall; Traders return to work after a long Martin Luther King weekend. The revenue season for the big banks starts this week. Twenty-two companies, one-third of S&P 500 financial companies; It will publish its results from October to December. These include Goldman Sachs, State Street, Bank of America, Morgan Stanley, State Street, Travelers.

On Friday, the S&P 500 gained 0.1% gain and closed at 4.662.85. The Nasdaq rose to 14,893.75, up 0.6% overall. The Dow Jones Industrial Average fell to 35.911.81 and fell 0.6% overall. Stocks of the small company also returned after an early decline. Russell’s 2000 index rose to 2,162.46, up 0.1%.

Advances in energy and other sectors, increase in technology stocks; Contributed to the decline of banks and other market countries in a day when investors were mainly focused on mixing company revenue accounts; As well as degrading retail sales data.

The mixed finish covered a continuous trading week on Wall Street; This deepened the January drop in the market. The benchmark S&P 500 in 2021 increased by 26.9%. It is now about 2.8% lower than all-time figures; Which was recorded on January 3rd.

Stocks Fall – China and Statistics

Around the world, rallies were mixed on Monday. After China announced that the country’s economy would expand in 2021 at an annual rate of 8.1%, growth slowed to half of this level in the last quarter. Tokyo, Paris, Shanghai, and Frankfurt were promoted. Seoul and Hong Kong fell.

The weakness of China’s economy is pushing proposals towards the end of 2021; Beijing should intervene in growth by lowering interest rates or injecting money into the economy at the expense of public works. Shortly before publishing the growth data, China’s central bank has announced a reduction in average lending rates for commercial banks; At the lowest level since 2020. The economic momentum remains weak against the re-emergence of the virus.

According to experts, easing China’s policy will also mitigate the economic downturn. Slowing activity in China could slow growth across the region. A lock imposed to combat the spread of the coronavirus; Other precautions may also exacerbate deficiencies in central parts and components. This, in turn, exacerbates the difficulties associated with supply and shipping chains.

The Shanghai Composite Index rose to 3,541.67 and reached a total of 0.6%. The Hang Seng fell to 24.218.43, up 0.7% overall. The hemp fell to 2,890.10 and sank by 1.1%. This comes after North Korea fired two suspicious ballistic missiles into the sea on Monday, launching the fourth weapon. To demonstrate its military might against the backdrop of suspended diplomacy with the U.S. and the closure of pandemic borders.

The DAX rose to 15,910.54 and increased by 0.2%. The CAC 40 also rose 0.2% to a total of 7,156.53. The FTSE 100 jumped to 7,592.79 and advanced 0.7%. The S&P 500 futures rose 0.2%. Dow Jones Industrial Average futures rose 0.1%.


In Asian trade, the Nikkei 225 gained 0.7% to 28,333.52. The government said car orders increased in November. Industrial activity and private investment improved during the calm of the coronavirus outbreaks. Shipbuilding orders have increased by 170%. The S&P/ASX 200 rose 0.3% to 7,417.30. The 10-year treasury interest rate was unchanged at 1.79%.

On the New York Mercantile Exchange, the price of U.S. crude oil reached $84.12 per barrel and increased by a total of 30 cents. Rose 2.1% on Friday; Which helped to increase energy supplies. Brent oil was at $86.12 a barrel, up 6 cents. The U.S. dollar grew to 114.32 against the Japanese yen. The euro rose to $1.1430.

The post US Stocks Fall – Investors Return to Work After Holiday appeared first on forexinsider24.com.

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