Jan 20, 2022
Daily Morning Note | January 21, 2022
Singapore stocks rose along with other major regional indices on Thursday, with the Straits Times Index, or STI, climbing 0.3 percent, or 10.88 points, to 3,294.82. Across the Singapore market, advancers beat decliners 251 to 210 after 1.03 billion worth S$1.03 billion changed hands.
Wall Street's main indexes ended sharply lower on Thursday, and a rally in US stocks evaporated late in the session as investors considered whether equities were bargains after a sell-off to start the year that has seen the Nasdaq fall into correction territory. The Dow Jones Industrial Average fell 313.26 points, or 0.89 percent, to 34,715.39, the S&P 500 lost 50.03 points, or 1.10 percent, to 4,482.73, and the Nasdaq Composite dropped 186.24 points, or 1.3 percent, to 14,154.02. Of 11 major S&P 500 sectors, 10 finished lower, with the consumer discretionary sector falling 1.9 percent. Utilities eked out a 0.1 per cent gain.
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