Congressional leaders agreeing to a $900 billion pandemic relief plan, followed by markets reeling from a new strain of coronavirus. Tesla’s stock trading lower on addition to the S&P 500 index. EU clearing Pfizer’s vaccine for inoculations. What were Monday’s top market news?
Global Insights
U.S. Congressional leaders reached a deal worth about $900 billion to bolster the economy devastated by the COVID-19 pandemic. EU cleared Pfizer and BioNTech vaccine to pave the way for vaccinations after Christmas.
Monday’s market mover was news of a new strain of coronavirus in Britain, which sent global stocks down as oil tumbled, allowing gains in safe-havens.
S&P 500 3,689 -0.45%
NASDAQ 12,688.50 -0.19%
DJIA 30,166.00 +0.23%
FTSE 6,416.32 -1.73%
DAX 13,368.00 -1.91%
NIKKEI 26,540 -0.75%
HSI 26,306.68 -0.72%
SHANGHAI 3,420.57 +0.76%
VIX 25.95 +7.34%
WTI Oil 47.92 -2.66%
Nat Gas 2.7060 +0.22%
GOLD 1882.30 -0.32%
US Dollar Index 90.03 +0.02%
U.S. 10 Treasury Yield +0.939%
Monday’s market mover was news of a new strain of coronavirus in Britain, which sent global stocks down as oil tumbled, allowing gains in safe-havens.
Corporate Stories
Tesla’s stock traded 6.4% lower in the premarket on Monday after being added to the S&P 500 index.
Market Sentiment
The market was bearish on Monday. Major global stocks and oil fell on the news of a new coronavirus strain in Britain as VIX rose. The dollar index gained on increasing risk sentiment of global currencies while Gold shed the earlier gains to trade lower.
