Stocks slip as virus restrictions tighten; sterling weakens


The Dow Jones Industrial Average fell 148.47 points, or 0.49%, to 30,069.79, the S&P 500 lost 7.16 points, or 0.19%, to 3,691.96 and the Nasdaq Composite added 55.71 points, or 0.45%, to 12,519.95. The MSCI world equity index <.MIWD00000PUS>, which tracks shares in 49 countries, was down 0.1%, while the pan-European STOXX 600 index ended down 0.3%.

NEW YORK: Stocks on global indexes mostly eased on Monday as worries escalated over increasing COVID-19 cases and economic restrictions, while sterling slumped as Britain and the European Union have yet to narrow their differences on a trade deal.

On Wall Street, the U.S. benchmark S&P 500 slipped 0.2%, retreating from its recent record high, but the Nasdaq posted a record closing high as investors snapped up mega-cap growth stocks.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

stocks , virus , sterling , Dow , Nasdaq , MSCI , S&P , oil ,

   

Next In Business News

Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd
Businesses concerned about rising forex woes
Booming eCommerce bolsters consumption
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
Fernandes on board Capital A for five more years
China’s prices are too low for buyers to sweat about tariffs
UK firms told to ‘urgently review’ green claims

Others Also Read