Thu, 28 Jan 2021

NEW YORK, New York - U.S. stocks struggled on Wednesday, ending the day with all the major indices losing ground.

The Dow Jones Industrial Average dropped 43.68 points or 0.17% to 26,004.83.

The Stanadard and Poor's 500 fell 5.88 points or 0.20% to 2,879.84.

The Nasdaq Composite shed 29.85 points or 0.38% to 7,792.72.

The main action was on the forex markets where the euro tumbled back below the 1.1300 level, and the British pound, amidst leadership speculation in the UK, gave up its 1.2700 handle.

By the close of trading in New York on Wednesday the euro had tumbled to 1.1293.

The British pound fell to 1.2693.

The Japanese yen inched up to 108.49.

The Swiss franc eased a fraction to 0.9948.

The Canadian dollar fell sharply to 1.3337.

The Australian and New Zealand dollars were sold-off, last quoted at 0.6931 and 0.6577.

In European markets, the German Dax fell 0.33%. The Paris-based CAC 40 lost 0.62%.

In London, the FTSE 100 dipped 0.42%,

In Asian markets, the benchmark Hang Seng index in Hong Kong was down 514.44 points or 1.85% at 27,274.90.

In Tokyo, the Nikkei 225 fell 74.56 points or 0.35% to 21,129.72.

China's Shanghai Composite dipped 16.34 points or 0.56% to 2,909.38.

The Australian All Ordinaries lifted 4.50 points or 0.07% to 6,628.90.

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