Wall Street opens lower after record-setting week

Monday, 11. January 2021 15:30

Shares on the major stock market indexes in the United States started the trading session in the red on Monday after having closed the previous week with record highs.

Investors will keep monitoring the political tumult between outgoing US President Donald Trump and the House Democrats. According to a report published just before the start of the trading week, Trump might deliver remarks on the big tech firms later in the day, after the social media giant Twitter permanently banned his account following the riots in the US capital.

The Dow Jones Industrial Average plunged 0.80% or 242 points as the session started as Boeing slid 2.97% at 9:32 am ET. The Nasdaq 100 dropped 1.04% at the opening bell with Pinduoduo Inc. down 5.12% at 9:32 am ET. At the start of the session, the S&P 500 lost 0.91% as Twitter plummeted 10.10% at 9:31 am ET. The euro tumbled 0.62% versus the dollar, selling for 1.21506 at 9:28 am ET.

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