Stock Market Today: Dow, S&P Live Updates for Dec. 23, 2020 - Bloomberg

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U.S. stock futures declined and Asian equities pared gains after President Donald Trump said he is asking Congress to amend the pandemic aid legislation that was passed earlier this week. Treasuries ticked higher.

S&P 500 futures reversed earlier gains. Trump signaled he may not sign the $900 billion bipartisan relief package just a day after Congress passed it. Investors also continued to assess the vaccine rollout and concern around a new virus variant that is leading to more severe lockdowns. Gold climbed while crude oil retreated.

Fresh jitters are creeping into a global stock rally that was already looking more fragile after equities touched a record high last week. The president’s comments cast doubt on how long it will take for the spending package to become law and for the money to be distributed to Americans.

“This is yet another catalyst to inspire people to cash out,” said Ilya Spivak, a strategist at DailyFX.

Meantime, Europe and regions from Canada to Hong Kong have suspended travel links to the U.K., piling pressure onto the government as it tries to salvage a free-trade agreement with the European Union. The bloc rebuffed Prime Minister Boris Johnson’s latest concessions on fishing rights.

President Donald Trump has issued a video via Twitter asking Congress to amend the Covid relief bill, saying it contains unnecessary elements.

Source: Bloomberg

Here are some key events coming up:

• EIA crude oil inventory report is due Wednesday.
• U.S. jobless claims, durables, personal income data comes Wednesday.
• U.S. bond and stock trading and markets in other parts of the world will shut early on Thursday for the Christmas holidays. Most global markets are shut Friday.

Here are the main moves in markets:

Stocks

• S&P 500 futures fell 0.2% as of 12:32 p.m. in Tokyo. The gauge fell 0.2% on Tuesday.
• Japan’s Topix index was flat.
• Hong Kong’s Hang Seng rose 0.3%.
• Shanghai Composite rose 0.9%.
• South Korea’s Kospi index rose 0.8%.
• Australia’s S&P/ASX 200 index climbed 0.7%.
• Euro Stoxx 50 futures fell 0.3%.

Currencies

• The Bloomberg Dollar Spot Index dipped 0.2%.
• The yen added 0.1% to 103.49 per dollar.
• The euro bought $1.2184, up 0.2%.
• The offshore yuan was at 6.5412 per dollar.

Bonds

• The yield on 10-year Treasuries was at 0.91%.
• Australia’s 10-year bond yield fell two basis points to 0.93%.

Commodities

• West Texas Intermediate crude oil fell 1.5% to $46.32 a barrel.
• Gold was at $1,865.38 an ounce, up 0.2%.

— With assistance by Kamaron Leach, and Michael G Wilson

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Stock Market Today: Dow, S&P Live Updates for Dec. 23, 2020 - Bloomberg
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