U.S. Treasury yields backpedaled from earlier gains on Monday as stock indexes tumbled on nervousness over an election this week that will determine control of the U.S. Senate, while traders pushed inflation expectations over the next 10 years to their highest average since 2018. The benchmark 10-year yield was last up less than a basis point at 0.9165%.
U.S. stocks dropped more than 1% on Monday, the first trading day of the new year, pulling back after recent gains to record highs, while the U.S. dollar was up slightly.
British Prime Minister Boris Johnson was poised to introduce tougher coronavirus restrictions in England at midnight on Monday, in a new national lockdown to try to reduce a surge in COVID-19 cases.
Aeva Inc on Monday said it had raised an additional $200 million ahead of a planned merger that will make it a publicly listed company, brining its total raised in the deal to more than $560 million.
Chile's peso outpaced its peers on Monday after economic activity was seen expanding in November, while a gauge for emerging market currencies touched a record high, marking a strong start to 2021 on optimism over an economic recovery. The MSCI's index for emerging
Health insurer Centene Corp said on Monday it has agreed to buy Magellan Health Inc in a $2.2 billion deal including debt, looking to build up its mental health services as more Americans struggle with COVID-19-related behavioral and anxiety issues.
The U.S. dollar recovered after falling to its lowest level since April 2018 on Monday, as surging coronavirus cases undermined bullish sentiment that had begun the new year across global markets and pushed investors into riskier currencies, such as the Chinese yuan a
Control of the U.S. Senate is at stake with Tuesday's dual runoff elections in the state of Georgia, and the results may ripple through a stock market that closed 2020 at record highs.
* Dow down 1.54%, S&P 500 down 1.55%, Nasdaq down 1.53% (Updates to mid-afternoon trade, adds new comment, details; changes byline)
A slew of brokerages initiated coverage of Airbnb Inc and DoorDash Inc on Monday, having high hopes for their revenue growth and supporting eye-popping valuations obtained by both last month in stock market launches.
| Symb | Index | Time | Last | Chg | Chg % |
|---|---|---|---|---|---|
| .DJI | Dow Jones Industrial Average | 3:31pm EST | 30,107.80 | -498.68 | -1.63% |
| .IXIC | Nasdaq Composite Index | 3:32pm EST | 12,655.61 | -232.68 | -1.81% |
| .TRXFLDUSP | Thomson Reuters Equity US Index | 3:00pm EST | 332.74 | -5.52 | -1.63% |
| .TRXFLDCAP | Thomson Reuters Equity Canada Index | 3:01pm EST | 320.10 | +1.71 | +0.54% |
| .GSPTSE | S&P/TSX Composite Index | 3:16pm EST | 17,510.48 | +77.12 | +0.44% |
| .XAX | AMEX Composite Index | 3:16pm EST | 2,369.61 | +8.71 | +0.37% |
| .MXX | MXSE IPC | 3:12pm EST | 44,819.90 | +753.02 | +1.71% |
| S&P » | 3,687.64 | -1.82% |
| Dow » | 30,107.80 | -1.63% |
| FTSE 100 » | 6,571.88 | +1.72% |
| Nikkei 225 » | 27,258.38 | -0.68% |
| US 10YR |
+0.911
|
-0.001 |
| DE 10YR |
-0.606
|
-0.007 |
| JP 10YR |
+0.017
|
-0.004 |
| USD / EUR » | 0.8165 | -0.07% |
| USD / GBP » | 0.7375 | +0.81% |
| USD / JPY » | 103.1400 | -0.06% |