{"id":112543,"date":"2021-04-20T19:54:54","date_gmt":"2021-04-20T19:54:54","guid":{"rendered":"https:\/\/fin2me.com\/?p=112543"},"modified":"2021-04-20T19:54:54","modified_gmt":"2021-04-20T19:54:54","slug":"stocks-yields-oil-fall-as-pandemic-fears-linger","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/stocks-yields-oil-fall-as-pandemic-fears-linger\/","title":{"rendered":"Stocks, yields, oil fall as pandemic fears linger"},"content":{"rendered":"

NEW YORK (Reuters) – A gauge of stock prices across the world was on track on Tuesday for its largest daily drop since early March as concern lingered over rising global COVID-19 cases, while oil prices also fell.<\/p>

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 16, 2021. REUTERS\/Brendan McDermid<\/figcaption>

The dollar index ticked up after earlier touching its lowest level since March 3 and Treasury yields fell, though they still held above last week\u2019s more than one-month lows.<\/p>\n

India reported 1,761 deaths from COVID-19 overnight, its highest daily toll, while Canada and the United States extended a land-border closure for non-essential travelers.<\/p>\n

On Wall Street, travel stocks weighed on sentiment, with airline and cruise operators falling sharply.<\/p>\n

\u201cRising COVID-19 cases around the world is a risk,\u201d said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. \u201cInvestors may be taking a little bit of profit as they recognize that a lot of \u2018reopening trade\u2019 may already be priced into the markets at this point.\u201d<\/p>\n

The Dow Jones Industrial Average fell 289.67 points, or 0.85%, to 33,787.96, the S&P 500 lost 30.87 points, or 0.74%, to 4,132.39 and the Nasdaq Composite dropped 138.78 points, or 1%, to 13,775.98.<\/p>\n

The pan-European STOXX 600 index lost 1.90% and MSCI\u2019s gauge of stocks across the globe shed 0.94%.<\/p>\n

Emerging market stocks lost 0.27%. MSCI\u2019s broadest index of Asia-Pacific shares outside Japan closed 0.25% lower, while Japan\u2019s Nikkei lost 1.97%.<\/p>\n

After touching its lowest level in nearly seven weeks overnight, the dollar index was slightly higher.<\/p>\n

The currencies and interest rate markets could be relatively calm for another few weeks as the Federal Reserve and the European Central Bank each take their time adjusting their rate policies, said Mazen Issa, senior currency strategist at TD Securities.<\/p>\n

\u201cThere really isn\u2019t a strong catalyst in either direction this month to really break us out of ranges,\u201d Issa said.<\/p>\n

The dollar index rose 0.169%, with the euro unchanged at $1.2033.<\/p>\n

The Japanese yen strengthened 0.09% versus the greenback at 108.06 per dollar, while Sterling was last trading at $1.3936, down 0.34% on the day.<\/p>\n

Tufts University economist Brian Bethune said the lower yields stood in contrast with their level close to 1.8% on March 30 and showed investors worried that public health gains against the virus have stalled in Brazil, Canada and other countries.<\/p>\n

Even though the U.S. economic recovery looks strong, Bethune said, \u201cThere\u2019s a repricing of what the international environment is going to look like.\u201d<\/p>\n

Benchmark 10-year Treasury notes last rose 9\/32 in price to yield 1.5677%, from 1.599% late on Monday.<\/p>\n

Concern over rising COVID-19 cases in India continued to weigh on the oil market.<\/p>\n

\u201cGiven India\u2019s position as a major crude oil importer… new restrictions would be very bad for the energy complex,\u201d said Bob Yawger, director of energy futures at Mizuho.<\/p>\n

U.S. crude recently fell 1.21% to $62.44 per barrel and Brent was at $66.50, down 0.82% on the day.<\/p>\n

Spot gold added 0.4% to $1,777.06 an ounce. Silver fell 0.08% to $25.79.<\/p>\n

Bitcoin last rose 1.61% to $56,590.56.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK (Reuters) – A gauge of stock prices across the world was on track on Tuesday for its largest daily drop since early March […]<\/p>\n","protected":false},"author":3,"featured_media":112542,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nStocks, yields, oil fall as pandemic fears linger - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/stocks-yields-oil-fall-as-pandemic-fears-linger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks, yields, oil fall as pandemic fears linger - Fin2me\" \/>\n<meta property=\"og:description\" content=\"NEW YORK (Reuters) – A gauge of stock prices across the world was on track on Tuesday for its largest daily drop since early March [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/stocks-yields-oil-fall-as-pandemic-fears-linger\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-20T19:54:54+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/04\/Stocks-yields-oil-fall-as-pandemic-fears-linger.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/stocks-yields-oil-fall-as-pandemic-fears-linger\/\",\"url\":\"https:\/\/fin2me.com\/business\/stocks-yields-oil-fall-as-pandemic-fears-linger\/\",\"name\":\"Stocks, yields, oil fall as pandemic fears linger - 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