Markets closed on Monday
Monday is Martin Luther King Jr Day in the US, making it a market holiday. US equity and bond markets are fully closed.
Of course, the FX market never closes for holidays but liquidity will be considerably constrained. Canadian markets are open but the economic calendar is light, with only December housing starts.
On the weekend, we get Chinese Q4 GDP, industrial production and retail sales.
NASDAQ down -0.87%
All 3 major indices are ending the day lower. The NASDAQ led the way with a decline of -0.87. Both the S&P index and Dow industrial average never traded above unchanged on the day. The Russell 2000 which outperformed yesterday, underperform today with a decline of -1.46%
The final numbers are showing:
- S&P index -27.29 points or -0.72% at 3768.25
- NASDAQ index -114.13 points or -0.87% at 12998.56
- Dow -177.26 points or -0.57% at 30814.26
- Russell 2000 index -33.107 points or -1.53% at 2122.26.
Below are the percentage changes and ranges of the major indices. European shares also ended lower with the Spain Ibex leading the way at -1.69%. The German DAX fell -1.44%.
For the week, the major indices all ended lower:
- Dow industrial average -0.91%
- S&P index -1.48%
- NASDAQ index -1.54%
In the European markets:
- German DAX, -1.86%
- France’s CAC, -1.67%
- UK’s FTSE 100, -2.0%
- Spain’s Ibex, -2.11%
- Italy’s FTSE MIB, -1.81%