Stock market today: live updates from Dow, S&P for January 12, 2021

Stock market today: live updates from Dow, S&P for January 12, 2021

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Market reaction after the EU's post-Brexit trade agreement with the UK comes into force

Photographer: Noriko Hayashi / Bloomberg

Photographer: Noriko Hayashi / Bloomberg

Asian stocks were mixed on Tuesday after US stocks fell for the first time in five trading sessions, with prices close to historic highs. The dollar rose, heading for a fourth day of gains.

Shares rose in China and Hong Kong, fell in South Korea and remained stable in Japan. S&P 500 futures rose modestly, after the consumer goods and staples sectors took the benchmark index for USA to fall on Monday.

Heavy on investors’ minds are concerns that stocks are rising too high and valuations are stretched at a time when large parts of the world are struggling with the worst of the Covid-19 pandemic. Ten-year Treasury yields rose to 1.15%, the highest level since March.

BBDXY's earnings were largely aided by increased US earnings

After Treasury benchmark yields reached 1% last week with bets that Democratic lawmakers will approve large spending packages to halt the economic recovery from the pandemic, investors are considering whether higher yields could harm the current economic easy financial conditions. The move has redefined expectations for a number of asset classes.

“A new, more speculative and more volatile phase of the bull market has started,” said Julian Emanuel, chief strategist for equities and derivatives at BTIG LLC. “The depth of any setback in 2021 depends largely on earnings.”

Twitter Inc. fell after the social media platform permanently banned President Donald Trump after a mob broke into the Capitol building last week. Shares of Facebook Inc., which suspended Trump’s account, also fell.

On Monday, House Democrats passed a resolution to impeach Trump for the second time, establishing a vote this week, unless Vice President Mike Pence uses his constitutional authority to remove the president.

Elsewhere, Malaysian stocks and currency fell after the country declared a state of emergency to help fight the rise in coronavirus cases. Bitcoin stabilized after dropping up to 20% on Monday. Gold stopped a losing run, and West Texas Intermediate oil held close to $ 52 a barrel.

Savita Subramanian, head of the Bank of America’s US equity and quantitative strategy, talks about how a Democratic-controlled Washington could impact markets and stocks.

Here are some important events to come:

These are some of the main movements in the markets:

Stocks

  • S&P 500 futures were up 0.1% from 12:24 in Tokyo. The S&P 500 index fell 0.7%.
  • Japan’s Topix fell less than 0.1%.
  • Australia’s S & P / ASX 200 has changed little.
  • Hong Kong’s Hang Seng added 0.6%.
  • Shanghai Composite grew 0.8%.

Coins

  • The Bloomberg Dollar Spot Index was up 0.1%.
  • The yen was stable at 104.29 per dollar.
  • The euro changed little by $ 1.2147.
  • The pound changed little at $ 1.3526.
  • The offshore yuan was 0.2% higher, at 6.4666 per dollar.

Titles

  • The yield on 10-year Treasury bonds was 1.15%.

Commodities

  • West Texas Intermediate crude fell 0.1% to $ 52.20 a barrel.
  • Gold rose 0.4% to $ 1,850 an ounce.

– With the help of Vildana Hajric

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