Stocks lag, US$ advances on COVID-19 concerns


The MSCI world equity index, which tracks shares in 49 nations, rose 1.46 points or 0.2%, to 668.15.The Dow Jones Industrial Average fell 36.98 points, or 0.12%, to 30,960, the S&P 500 gained 13.89 points, or 0.36%, to 3,855.36 and the Nasdaq Composite added 92.93 points, or 0.69%, to 13,635.99. European shares closed at two-week lows. The German DAX fell 1.7%, France CAC 40 was down 1.6% and the UK's FTSE 100 declined 0.8%.

NEW YORK: Global stocks lagged and the dollar advanced in volatile markets on Monday, with sentiment hit by increasing COVID-19 cases, delays in vaccine supplies and uncertainty over a US$1.9 trillion U.S. stimulus plan.

Equity markets have scaled record highs in recent days on bets vaccines will start to reduce infection rates worldwide and on a stronger U.S. economic recovery under President Joe Biden.

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Markets , stocks , covid-19 , Dow Jones , Nasdaq , S&P , Pan European ,

   

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