Global Market Square
U.S. and global stock markets fell sharply after recording last week the best weekly gain since November. We note that in the U.S., most of the losses were in two groups of companies with sensitivity to interest rates and real estate corporations and utilities.
We also reviewed the performance of the technology stocks that moved to suspend or ban Donald Trump’s accounts and some of the applications and platforms used by his supporters.
While the technology sector fell 0.85% in Monday’s trading, these were the results for the companies involved in the Trump ban.
- Twitter (TWTR) closed at $48.09, fell $3.39, or 6.59%
- Facebook (FB) closed at $256.99, fell $10.69, or 4%.
- Alphabet (GOOG) closed at $17,67.46, fell $39.75, or 2.20%
- Snapchat (SNAP) closed at $54.41, rose $1.68, or 3.19%.
- Pinterest (PINS) closed at $71.78, fell $0.17, or 0.24%.
Wall Street summary for January 11, 2021,
- The Dow Jones Industrial Average closed at 31,008.69, down 89.28 points, or 0.29%.
- The Standard & Poor’s 500 closed at 3,799.61, down 25.07 points, or 0.66%.
- The Nasdaq Composite Index closed at 13,201.98, down 165.54 points, or 1.25%.
- The Birling Capital Puerto Rico Stock Index closed at 2,158.21, down 13.43 points, or 0.62%.
- The U.S. Treasury 10-year note closed higher, at 1.15%
- The U.S. Treasury 2-year note closed at 0.14%