06:45
+1 C°
Traffic jam:   0
$
73.4747
89.4995

U.S. stock indices fell after record highs

12 January 2021
1677
1 min.
11
U.S. stock indices fell after record highs

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.

Shares of ODP Corp. soared 19.4%. Inc, which owns office supply chain Staples, has made an offer to buy ODP, which owns Staples rival Office Depot, for more than $2bn.

Persons1 and Companies10 in the news

45th President of the United States
1 place
Staples
1 place
MarketWatch
3 place
NIO
NIO
4 place
Boeing
5 place
Nasdaq
6 place
Dow Jones
7 place
Twitter
8 place
Section:

Discussion

Rating companies
Tesla
41 Mention
Apple
38 Mention
Amazon
35 Mention
Nasdaq
32 Mention
Facebook
31 Mention
White House
30 Mention
Dow Jones
29 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director