U.S. equity futures retreated on Tuesday, a day before the opening bell on Wall Street, with losses in the financial, industrial, industrial and healthcare sectors retreating in U.S. markets, with technol consumer G stocks and companies taking advantage of consumer spending.
Ticker | Security | The last | Change | Change% |
---|---|---|---|---|
Me: DJI | Dow Jones average | 29861.55 | -184.82 | -0.62% |
SP500 | S&P 500 | 3647.49 | -15.97 | -0.44% |
I: Comp | Nasdaq Composite Index | 12440.040048 | +62.17 | + 0.50% |
The S&P 500 extended its pullback from a recent month’s gain, falling 0.4% to 3,647.49 on Monday after rising 0.9% at the start of the session. It was his fourth straight decline, the first since September.
Treasury yields were largely high, a sign of optimism in the economy. However, yields in the 10-year Treasury fell to 0.89% from 0.90% late Monday night.
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The Dow Jones Industrial Average fell 0.6% to 29,861.55. The Nasdaq rose 0.5% to 12,440.04. Smaller companies maintained better positions than their larger competitors, as the Russell 2000 index rose 2.16 points, or 0.1%, to 1,913.86.
Americans began receiving the country’s first vaccination against Covid-19 on Monday, a process expected to take months.
Health care workers and nursing home residents are in the front lines for these shots, and hopefully a massive rollout next year will help curb the epidemic and lead the economy back to normal following this year’s devastation.
Rising coronavirus calculations are slowing the economy, as seen last week in a worse-than-expected report on the issue of unemployment. Rising deaths are prompting governments to restore various controls on companies. They are also scaring potential customers away from the business.
Efforts to deliver a second round of economic aid to the U.S. economy have stalled due to bitter bias. Top Washington Washington negotiators continued to reach a long-delayed agreement on COVID-19 relief on Monday, but rank-and-file Democrats resigned as more and more states and locals sought financial relief that was thrown out of balance by governments’ budget epidemics. has come.
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“Again, it looks like we’re stuck in a negative feedback loop,” Stephen Ince of Exxon said in a comment. . Taking it, it seems that economic sanctions related to the virus will never stop losing weight, as the market continues to put up a fence between hope and reality.
Even without a second round of stimulus, investors are facing a strong environment in the coming year that includes low inflation and ultra-low interest rates.
Meanwhile, Asian shares tumbled on Tuesday after an unnecessary day on Wall Street as investors waited to see if Congress could break a logjem on delivering more aid to people, businesses and local governments affected by the coronavirus epidemic.
Japan’s benchmark Nikkei 225 index fell when Prime Minister Yoshihid Suga announced the postponement of a travel promotion program that has helped businesses, but is believed to have helped revive the coronavirus outbreak.
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The program was postponed from 28 December-January. 11, basically the whole New Year rush period, when most families are on vacation or going back to their homeland. The go-to travel program and the second dub go go it mainly provide ste bho discounts on hotel rooms and meals and have helped shock from the loss of almost all inland foreign tourism due to epidemic control and concerns.
On Tuesday, the Chinese government released a raft of monthly figures showing retail sales, industrial production and investment in factory equipment and other fixed assets as expected in November. However, the Shanghai Composite Index fell 0.2% to 3,367.23.
Other regional benchmarks also track the isolation of regional streets. Hong Kong’s Hang Seng lost 0.7% to 26,220.41 and the Nikkei 225 in Tokyo rose 0.3% to 26,687.84. South Korea’s Kospi fell 0.2% to 2,756.82 while Australia’s S&P / ASX 200 fell 0.4% to 6,631.30.
In Europe, hopes have risen for progress on a possible deal on the terms of the UK’s exit from the European Union.
EU chief negotiator Michel Barnier said on Monday that he believes a trade deal is possible after nine months of negotiations, while the remaining disputes have been left down to just two. Even so, both sides are still struggling to make ends meet. They are committed to the final push before January 1, while Britain’s transition period ends after January.
In other trades, the benchmark U.S. in electronic trading on the New York Mercantile Exchange. Crude oil is down 11 cents at 46.88. On Monday it rose 42 cents per barrel. Has reached 46.99.
Internationally, Brent crude fell 15 cents to 50.14 per barrel.
The US dollar fell from 104.06 yen to 104.05 Japanese yen late Monday night. Euro 21 weakened from 1.2145 to weak 1.2144.
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Contributed by AP Business Writers Stan Choi, Alex Vega and Damien J. Trois.