Wall Street closes in red with stimulus in focus

Thursday, 14. January 2021 22:01

Shares on major United States markets ended the trading session with losses on Thursday as investors are still waiting for President-elect Joe Biden to unveil a stimulus plan of around $1.9 trillion. However, in his speech today, Federal Reserve Chairman Jerome Powell wasn't really optimistic as he asserted that the US is currently not on a "sustainable fiscal path" in regards to the pace at which the public debt is rising. On the data front, US initial jobless claims surged by 181,000 to 965,000, missing analysts' expectations.

The Dow Jones Industrial Average index declined by 0.22% with Visa Inc. falling by 3.58%. The Nasdaq 100 fell by 0.58% as the trading session ended. The Match group went south by 3.85%. The S&P 500 lost 0.38% at the closing bell. MSCI Inc plunged by 6.59%.

The euro rose 0.06% compared to the dollar to change hands for 1.21628 at 3:58 pm ET.

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Breaking the News / TF