Stocks begin 2021 with a sell-off, Dow drops more than 300 points; European markets close higher in first trading session of the new year; BELEX15 added symbolic 0.15%
Stocks dropped on Monday, the first trading day of 2021, amid concerns about global coronavirus cases and the Georgia runoff elections. The Dow Jones Industrial Average closed 382.59 points lower, or 1.3%, at 30,223.89. At one point, the Dow was down more than 700 points. Monday marked the first negative start to a year for the Dow since 2016.
Coca-Cola and Boeing were the worst-performing Dow components, falling 3.8% and 5.3%, respectively. Real estate stocks fell 3.2% to lead the S&P 500 lower.
The S&P 500 dipped 1.5% to 3,700.65. The Nasdaq Composite also slid 1.5%, ending the day at 12,698.45. Both the Dow and S&P 500 hit record highs at the open before turning lower.
The pan-European Stoxx 600 closed up by 0.7% provisionally, with basic resources adding 3.9% to lead the gains as most sectors and major bourses entered positive territory.
BELEX15 added only minor 0.15% as 9% loss at Energoprojekt neutralized some gains at NIS and Belgrade Airport. The most active was NIS as it generated RSD 3m in volume. Other names saw no material activity.
Source: CNBC, Ilirika