Major Indices dropped after coronavirus cases surged and new lockdown measures are set

stock-market-coronavirus

After record setting session from Monday’s market, the Dow and S&P 500 both declined after shares from Big Pharmacy companies are under a strain.

The Dow declined almost 0.60% while S&P 500 is short by less than 0.50%. Nasdaq rallied but ended up losing about 0.21%.

Treasuries and Gold are also down in today’s session while crude are all up.

Meanwhile, here are the rest of the movements in Stock Market this Tuesday;

Stocks

  • S&P 500 fell a bit with 17.37 points loss or is 0.48% lower to 3,609.54.
  • The Dow Jones Industrial Average dropped about 167.22 points or is down by 0.56% to 29,783.22.
  • Nasdaq Composite declined around 24.79 points or 0.21% to 11,899.34.
  • The MSCI Asia Pacific Index is up by 0.2%.
  • The MSCI Emerging Market Index is down around 0.1%.

Bonds

  • The yield on the benchmark 10-year Treasury note is down by 3 basis points to 0.869%.
  • The yield on the 30-year Treasury bond also fell short to 1.623%.
  • Britain’s 10-year yield is down by two basis points to 0.32%.
  • Germany’s 10-year yield dropped about two basis points to -0.56%.

Commodities

  • Gold declined around 7.36 points or is 0.39% lower to $1,882.07an ounce.
  • Silver fell around 0.26 points or 1.06% down to $24.50 an ounce.
  • West Texas Intermediate crude rose with 0.22% gain to $41.43 per barrel.
  • Brent crude is up with a few points to $43.78 per barrel.

Currencies

  • US Dollar Currency Index has no to little change to 92.438 per dollar.
  • The Japanese yen climbed up about 0.4% to 104.2 per dollar.
  • The euro rose around 0.1% to $1.1864.
  • The British pound rose quite a few with 0.4% increased to $1.3251.

 For more financial news and advisories do visit us at Olympus International Limited. You may also check what services we can offer by browsing at our website or contact us thru email.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.