Global Market Square
The U.S. stock markets ended Wednesday with mixed results. We must note that investors are focusing on the political agenda that has become the topic of choice. At the same time, we continue to see traction stemming from the vaccine rollout and continued economic recovery signals.
Critical economic data reported Wednesday:
- U.S. Consumer Price Index: rose slightly to 260.47, up from 260.23, or 0.09%, from last month and up from 256.97 one year ago.
- U.S. Consumer Price Index MoM: rose to 0.37%, compared to 0.19% last month.
Both indexes point to a better than expected picture, and as a bonus, Target stores reported that holiday sales revenues rose 17% for November and December.
Most stores’ online sales have risen in double time, showing a shift toward online sales and e-commerce due to the pandemic.
Wall Street summary for January 13, 2021,
- The Dow Jones Industrial Average closed 31,060.47, up 8.64 points, or 0.23%.
- The Standard & Poor’s 500 closed at 3,809.84, down 8.22 points or 0.03%.
- The Nasdaq Composite Index closed at 13,128.95, up 56.52 points, or 0.43%.
- The Birling Capital Puerto Rico Stock Index closed at 2,202.89, down 48.80 points, or 2.27%.
- The U.S. Treasury 10-year note closed at 1.10%
- The U.S. Treasury 2-year note closed at 0.14%
Global Market Square is presented by Birling Capital Advisors