Stock Market Today: Dow, S&P Live Updates for Jan. 22, 2021 - Bloomberg

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Stocks in Europe dipped and U.S. equity futures fell as restrictions to curb escalating coronavirus cases dented some of the optimism over earnings and plans for additional stimulus. The dollar edged higher.

The Euro Stoxx 600 index declined, led by travel and energy companies as a gauge of private-sector activity in the euro region fell deeper into contraction territory. S&P 500 and Nasdaq 100 futures slipped after U.S. shares eked out a record high Thursday as tech stocks advanced. Yields on Treasuries and German bunds edged lower, and crude oil declined for a second day.

The British pound weakened after Prime Minister Boris Johnson said the U.K.’s third lockdown could last into the summer, while disappointing economic data added to investors’ misgivings.

This week’s global equity rally, spurred by expectations of economic support and the rollout of vaccines, is pausing as traders weigh still-troubling Covid-19 trends. President Joe Biden, who is pushing for $1.9 trillion in additional spending, unveiled a strategy to combat the virus while warning the pandemic will worsen before it improves. Restrictions intensified from Germany and the U.K. to Hong Hong, and the European Central Bank cautioned that the euro area is headed for a double-dip recession.

“Recent news flow on the pandemic has not been favorable,” said Jean-Francois Paren, global head of market research at Credit Agricole. “After the post-election wave of optimism from the U.S., markets have been left facing the reality of vaccine delivery and new lockdown measures, and the perspective of a double-dip in Europe.”

Italy expects significant delays to its coronavirus vaccination program in the coming week due to a drop in vaccine deliveries from manufacturers. Germany said its vaccine shortages will last for the next six to eight weeks as coronavirus fatalities in the country passed 50,000, while the U.K. suffered its worst day in the pandemic.

Elsewhere, Bitcoin fluctuated around $30,000 after earlier tumbling below that level, as the controversial boom in digital coins fizzles.

U.S. President Joe Biden announces a series of executive actions aimed at overhauling the federal response to the coronavirus outbreak.

Source: Bloomberg

These are the main moves in markets:

Stocks

• The Stoxx Europe 600 Index fell 0.8% by 9:30 a.m. in London.
• S&P 500 futures lost 0.5%.
• The MSCI Asia Pacific Index dropped 0.7%.
• The MSCI Emerging Markets Index slipped 0.8%.

Currencies

• The Bloomberg Dollar Spot Index climbed 0.2%.
• The yen was at 103.66 per dollar, dipping 0.2%.
• The euro climbed 0.1% $1.2174.
• The British pound weakened 0.4% to $1.3674.

Bonds

• The yield on 10-year Treasuries dipped one basis point to 1.1%.
• Germany’s 10-year yield dipped one basis point to -0.5%.
• The U.K.’s 10-year yield fell one basis point to 0.32%.

Commodities

• West Texas Intermediate crude was at $52.26 a barrel, down 1.6%.
• Gold dropped 0.4% to $1,861.99 an ounce.

— With assistance by Sophie Caronello, and Adam Haigh

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