Global Market Square
In the first trading session of 2021, the U.S. and European stock markets began the year with large losses as investors worldwide are receiving the new year with new lockdown orders.
On Monday, British Prime Minister Boris Johnson ordered England’s third national lockdown and warned that the country was overwhelmed by COVID-19 cases.
The following percentages are of the rise in COVID-19 cases over the last 30 days:
- United Kingdom: 57.11%
- Germany: 54.11%
- Puerto Rico: 43.17%
- United States; 42.64%
- Italy: 27.62%
- France; 16.75%
- Spain: 14.46%
Another factor affecting the U.S. national order is President Donald Trump’s assault on democracy. He continues to pressure Republican lawmakers to overturn the presidential elections only 17 days before President-Elect Joe Biden is to be sworn in.
Another contrasting issue is that all 10 living U.S. defense secretaries published a letter in The Washington Post last Sunday that the presidential election is over. The letter was signed by Dick Cheney, James Mattis, Mark Esper, Leon Panetta, Donald Rumsfeld, William Cohen, Chuck Hagel, Robert Gates, William Perry and Ashton Carter.
Wall Street summary for Jan. 4, 2021:
- The Dow Jones Industrial Average closed 30,606.48, down 382.59 points, or 1.25%.
- The Standard & Poor’s 500 closed at 3,756.07, down 55.48 points, or 1.48%.
- The Nasdaq Composite Index closed at 12,698.45, down 189.83 points, or 1.47%.
- The Birling Capital Puerto Rico Stock Index closed at 2,045.03, up 12.99 points, or 0.64%.
- The U.S. Treasury 10-year note closed at 0.93%
- The U.S. Treasury 2-year note closed at 0.11%