Thu, 28 Jan 2021

NEW YORK, New York - U.S. stocks broadly fell on Monday as investors began pondering again the eventual outcome of the increasingly protracted U.S. trade talks with China.

"The markets are trying to come up with some expectation for the outcome of trade talks and figure out where and how they want to price it in," Shawn Cruz, manager of trader strategy at TD Ameritrade in Jersey City, New Jersey was quoted by the Reuters Thomson news agency on Monday.

The U.S. dollar was little changed.

At the close of trading Monday, the Dow Jones Industrial Average was down 95.7 points, or 0.36%, at 26,478.02.

The Standard and Poor's 500 ,fell 13.22 points, or 0.45%, to 2,938.79.

The Nasdaq Composite declined 26.18 points, or 0.33%, to 7,956.29.

The euro was last quoted at 1.0970 in New York trading around the close on Monday.

The British pound was unmoved at 1.2294. The Japanese yen weakened to 107.24.

The Swiss franc was unchanged at 0.9947.

The Canadian dollar was a few points stronger at 1.3310. The Australian dollar was a few basis points weaker at 0.6731. The New Zealand dollar was little changed at 0.6288.

In overseas equity markets, London's FTSE 100 advanced 0.59%. The German Dax rose 0.70%. The Paris-based CAC 40 was up 0.61%.

On Asian markets, in Japan, the Nikkei 225 fell 34.95 points, reversing early gains. The percentage loss was 0.16% with the key index closing at 21,375.26.

In Hong Kong, the Hang Seng slid 289.27 points or 1.11% to 25,821.03.

China's Shanghai Composite fell 26.98 points or 0.92% to 2,905.19.

The Australian market was quiet given that it was a public holiday in New South Wales, Canberra, Queensland, and South Australia.

On low volumes the Australian All Ordinaries climbed 49.80 points or 0.75% to 6,686.70.

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