Stock Market Today: Dow, S&P Live Updates for January 12, 2021

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Photographer: Noriko Hayashi / Bloomberg

Photographer: Noriko Hayashi / Bloomberg

Asian stocks traded mixed on Tuesday after US stocks fell for the first time in five sessions with prices nearing record highs. The dollar continued to rise as government bond yields hit their highest levels since March.

Shares were stable in Japan, but fell in South Korea after a sharp rally this year. S&P 500 and European futures had changed little. Malaysia’s stocks and currency fell after it declared a state of emergency to help combat a jump in coronavirus cases. Bitcoin stabilized after falling a whopping 20% ​​on Monday. Gold stopped a losing run and West Texas Intermediate Oil held on to nearly $ 52 a barrel.

With 10-year Treasury yields of around 1.15%, investors are assessing the potential risks to the current environment of easy financial conditions and how that could adjust expectations for a range of asset classes. Revenues have risen on bets that Democratic lawmakers will issue large spending packages to drive the economic recovery out of the pandemic.

Rising government bond yields are starting to pull the dollar up

Concerns that stocks will become too hot as large parts of the world grapple with the worst outbreak of the Covid-19 are also weighing on investors’ minds.

“A new, more speculative, more volatile phase of the bull market has begun,” said Julian Emanuel, chief equity and derivatives strategist at BTIG LLC. “The depth of such a decline in 2021 is largely dependent on yields.”

Twitter Inc. fell after the social media platform definitively President Donald Trump has banned after a gang raided the Capitol last week. Shares of Facebook Inc., which suspended Trump’s account, also declined.

House Democrats filed a resolution on Monday to impeach Trump a second time, with a vote being held this week unless Vice President Mike Pence uses his constitutional authority to remove the president.

Savita Subramanian, head of US equities and quantitative strategy at Bank of America, explains how a Democrat-controlled Washington can affect markets and stocks.

Here are some important events coming up:

These are some of the main movements in markets:

Shares

  • The S&P 500 futures had changed little from 2:14 PM in Tokyo. The S&P 500 index fell 0.7%.
  • Topix from Japan added 0.1%.
  • The Australian S & P / ASX 200 lost 0.3%.
  • Hong Kong’s Hang Seng added 0.4%.
  • Shanghai Composite rose 0.8%.
  • South Korean Kospi declined 2.4%.

Currencies

  • The Bloomberg Dollar Spot Index rose 0.1%.
  • The yen changed little at 104.31 per dollar.
  • The euro fell 0.1% to $ 1.2142.
  • The pound had changed little at $ 1.3524.
  • The offshore yuan was 0.1% higher at 6.4700 per dollar.

Bonds

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

Raw materials

  • West Texas Intermediate crude oil fell 0.2% to $ 52.17 a barrel.
  • Gold rose 0.4% to $ 1,851 an ounce.

– With the help of Vildana Hajric

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