US markets open lower amid earnings, vaccine uncertainty

Friday, 29. January 2021 15:31

United States stock markets opened lower on Friday after Johnson & Johnson announced its coronavirus vaccine is 72% effective in the US and even less effective in other regions. Meanwhile, the earnings season continued, and a data report from the Commerce Department showed personal spending in the US dropped 0.2% in December compared to the previous month, while personal income was up by 0.6%.

The Dow Jones lost 0.71% at the start of the session, led by Johnson & Johnson, which dropped 2.84%. The S&P 500 was down 0.58% at 9:31 am ET, as Lincoln National Corp. declined by 3.96%. The Nasdaq 100 fell by 0.52% at the same time, with Charter Communications trading 6.14% in the red.

The euro traded 0.20% higher against the dollar and sold for 1.21503 at 9:32 am ET.

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Breaking the News / DJ