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Wall Street on the back foot all day as rising virus cases rattled investors

Wall Street on the back foot all day as rising virus cases rattled investors
The main indices were all lower on Monday as investors noted that the pandemic is not quite over yet
4:10pm: Tesla shares slow after Bitcoin's weekend drop
The Dow dipped 121 points, 0.4%, to 34,079 on Monday after hitting a record on Friday. The nasdaq lost 138 points, 1%, to 13,915, and the S&P 500 declined 22 points, 0.5%, to 4,163.
Bitcoin increased to $55,874 after swooning over the weekend. The cryptocurrency hit a record high of $64,863 last week. Tesla, which is invested in Bitcoin, saw its shares dip more than 3% to $714.63.
12:20pm: Coco-Cola a rare bright spot after results top expectations

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Wall Street on the back foot as rising virus cases rattle investors

Wall Street on the back foot as rising virus cases rattle investors
The main indices were all lower on Monday as investors noted that the pandemic is not quite over yet
12:20pm: Coco-Cola a rare bright spot after results top expectations
The Dow was down 127 points, 0.4%, to 34,074 at midday. The Nasdaq fell 149 points, 1.1%, to 13,903, and the S&P 500 dropped 21 points, 0.5%, to 4,164.
"Aside from Coca-Cola, today has seen a lull in earnings season, although Netflix’s figures tomorrow promise a return to a more exciting period and a shift away from the bank-dominated opening days of reporting season," IG Chief Market Analyst Chris Beauchamp wrote. "Investors wil hope that earnings reports can provide fresh support in the other sessions of the week, given that the market is currently trading on high valuations and expectations and thus remains at risk of a sudden decline."

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FTSE 100 ends lower as sterling gains more than a cent against the greenback

FTSE 100 ends lower as sterling gains more than a cent against the greenback
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Sterling is closing in on the US$1.40 level last seen in February
FTSE 100 down 19 points
Sterling rises by 1.2 cents against the US dollar
Man United shares rise despite ESL drama
5.15pm: Markets slide on both sides of the pond
The FTSE 100 retreated 19 points Monday, a 0.3% loss, to 7,000, while the FTSE 250 lost 31 points, 0.1%, to 22,491.
"A quieter start to the week has seen stock markets drift back on a lack of news, with only the goings-on in European football providing some interest (for those keen on the game anyway)," IG Chief Market Analyst Chris Beauchamp.

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