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1/4, 10:00 PM (Source: TeleTrader)
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Wall Street closes in red with COVID-19 in spotlight

Shares on major United States markets ended the trading session with losses on Monday as the surging number of coronavirus infections and deaths in the country seemingly adversely affected the market sentiment. In addition, governors of the state of New York and Florida pointed to the issues their states are having when it comes to mass vaccination. In business news, Haven Healthcare, a joint venture formed by Amazon, Berkshire Hathaway, and JPMorgan Chase, announced it will shut down in February.

The Dow Jones Industrial Average index declined by 1.25%, or 383 points at the close. Boeing was the worst performer, plunging 5.23%. The Nasdaq 100 fell by 1.50% as the trading session ended. Pinduoduo led the losses with a 6.13% drop. The S&P 500 lost 1.48% at the closing bell as Teledyne Technologies plummeted 7.61%.

The euro rose 0.26% compared to the dollar to change hands for 1.22480 at 3:59 pm ET.

Breaking the News / MS