Breaking News
Ad-Free Version. Subscribe now to follow markets, faster and distraction-free. Upgrade now
0
Ad-Free Version. Subscribe now to follow markets, faster and distraction-free. More details

GLOBAL MARKETS-Stocks, oil fall on weak data, earnings

Stock MarketsJan 22, 2021 21:30
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

(Changes throughout, updates prices)
By Rodrigo Campos
NEW YORK, Jan 22 (Reuters) - A gauge of stocks across the
world slipped from record highs on Friday and oil prices fell to
end the week little changed as weak economic data and
underwhelming earnings drove investors to reverse some recent
risky bets.
The dollar index, set to post its largest weekly drop in
five weeks, edged higher for the first time since Monday.
Financial and technology stocks weighed the most on the S&P
500, with IBM IBM and Intel INTC.O posting 10% and 9%
declines respectively after underwhelming earnings. Energy stocks also fell on Wall Street, alongside the price
of crude.
With stock valuations nearing levels not seen in two
decades, some market participants said new COVID-19 variants and
hiccups in vaccine rollouts pose near-term risks for equities.
"If we're forced to keep the economy closed and it takes
longer than we want to get through immunizations and
vaccinations for the coronavirus, that's going to be a little
rougher on the market than people apparently anticipated," said
Rob Haworth, senior investment strategist at U.S. Bank Wealth
Management in Seattle.
The Dow Jones Industrial Average .DJI fell 123.79 points,
or 0.4%, to 31,052.22, the S&P 500 .SPX lost 6.56 points, or
0.17%, to 3,846.51 and the Nasdaq Composite .IXIC added 11.11
points, or 0.08%, to 13,542.02.
The pan-European STOXX 600 index .STOXX lost 0.57% after a
survey showed economic activity in the euro zone shrank markedly
in January, with the services sector weighed by lockdown
restrictions to contain the coronavirus pandemic. .EU
MSCI's gauge of stocks across the globe .MIWD00000PUS shed
0.40%.
Emerging market stocks lost 1.02%. MSCI's broadest index of
Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.88%
lower, while Nikkei futures NKc1 lost 0.07%.
The dollar index =USD rose 0.153%, with the euro EUR= up
0.03% to $1.2166, while sterling GBP= was last trading at
$1.3674, down 0.42% on the day.
The Japanese yen weakened 0.31% versus the greenback at
103.82 per dollar.
Overnight data from Japan showed that factory activity
slipped into contraction in January and the services sector was
more pessimistic as emergency measures to combat a COVID-19
resurgence hit sentiment. In commodities, oil prices were weighed down by a build-up
in U.S. crude inventories and by worries that new pandemic
restrictions in China will curb fuel demand in the world's
biggest oil importer. O/R
U.S. crude CLc1 recently fell 1.69% to $52.23 per barrel
and Brent LCOc1 was at $55.36, down 1.32% on the day.
"The pandemic seems to continue to expand into a second wave
in China, with infections rising by the day and reaching again
different regions such as Shanghai," said Rystad Energy oil
markets analyst Louise Dickson.
Benchmark 10-year notes US10YT=RR last rose 5/32 in price
to yield 1.0906%, from 1.107% late on Thursday.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Global assets http://tmsnrt.rs/2jvdmXl
Global currencies vs. dollar http://tmsnrt.rs/2egbfVh
Emerging markets http://tmsnrt.rs/2ihRugV
MSCI All Country World Index Market Cap http://tmsnrt.rs/2EmTD6j
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

GLOBAL MARKETS-Stocks, oil fall on weak data, earnings
 

Related Articles

African Markets - Factors to watch on Feb. 25
African Markets - Factors to watch on Feb. 25 By Reuters - Feb 25, 2021

NAIROBI, Feb 25 (Reuters) - The following company announcements, scheduled economicindicators, debt and currency market moves and political events may affect African markets...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email