Stock indices retreated
US stock indexes declined moderately on Monday, retreating from record highs reached late last week. Investors are weighing the risks associated with the continued rise in COVID-19 infections and are following the aftermath of last week's protest outside the US Congress, MarketWatch writes.
The Dow Jones Industrial Average index fell 89.28 points (0.29%) to 31008.69 points in yesterday's trading. Standard Poor's 500 index declined by 25.07 points (0.66%) to 3,799.61 points. The Nasdaq Composite lost 165.54 points (1.25%) to 13036.43 points.
On Friday the main US indices jumped to record highs, ending the first working week of 2021 on the plus side. Last week the Dow Jones Industrial Average gained 1.6%, the S&P 500 rose 1.8%, and the Nasdaq Composite gained 2.4%. The market was supported by expectations of new economic stimulus after reaching the democratic majority in Congress.
Twitter Inc. shares fell 6.4% yesterday. The company last week announced a decision to indefinitely freeze the personal account of US President Donald Trump, as it deemed his postings could provoke violence.
The price of Boeing Co (NYSE:BA). shares fell 1.5 per cent on news of an airliner crash in Indonesia.
Carnival Corp (LON:CCL) lost 1.6 percent. The world's largest cruise operator warned it may record a net loss of $2.2 billion for its fiscal 4th quarter ended Nov. 30.
NIO Inc.'s ADR price jumped 6.4 percent. The New York-listed Chinese electric car maker unveiled the ET7 luxury sedan, which will be the company's fourth model.