Sun, 28 Feb 2021

Little joy on Wall Street Tuesday, dollar too is sold off

Lola Evans
27 Jan 2021, 07:15 GMT+10

NEW YORK, New York - U.S. stocks were out of favour on Tuesday with the main indices drifting lower.

At the close, the Dow Jones index was down 22.96 points or 0.07 percent at 30,937.04.

The Standard and Poor's 500 fell 5.74 points or 0.15 percent to 3,849.62.

The Nasdaq Composite weakened by 9.93 points or 0.15 percent to 3,849.62.

The U.S. dollar decline of recent months resumed after a short respite earlier in the week. The euro firmed to 1.2167 Tuesday. The British pound gained to 1.3740. The Japanese yen was slightly higher at 103.60. The Swiss franc edged up to 0.8861.

The Canadian dollar strengthened to 1.2694. The Australian dollar rose to 0.7742. The New Zealand dollar was sharply higher at 0.7242.

On overseas equity markets, the German Dax rallied 1.66 percent. The Paris-based CAC 40 climbed 0.93 percent, while in London, the FTSE 100 rose 0.23 percent.

On Asian markets, in Tokyo, the Nikkei 225 shed 276.11 points or 0.96 percent to 28,546.18.

The Hang Seng in Hong Kong gave up all of of Monday's 711 points gain and more. The benchmark index lost 767.75 points or 2.55 percent to close Tuesday at 29,391.26.

China's Shanghai Composite declined 54.81 points or 1.51 percent to 3,569.43.

The Australian markets were closed for the annual Australia Day celebration.

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