US market close: Stocks slip late after session gains
By Joseph Toppe
20:58, 20 January 2022
The US benchmarks slipped into negative territory just before the closing bell on Thursday, as the Dow Jones Industrial Average fell 299 points, or 0.85%, the S&P 500 retreated 1.07%, and the Nasdaq Composite went back 1.30%.
Halfway through the session, the Dow was around 430 points higher, or 1.22%, the S&P was near 1.43% in the green, while the Nasdaq was up approximately 2%.
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Oil: Crudes match losses
Oil futures dropped slightly on Thursday as West Texas Intermediate crude slipped six cents, or around 0.1%, to end at $86.90 a barrel on the New York Mercantile Exchange, while March Brent crude also lost six cents, or almost 0.1%, to settle at $88.38 a barrel on ICE Futures Europe.
Gold: Yellow metal falls
Gold futures went down during Thursday trading as February gold shed 60 cents, or less than 0.1%, to settle at $1,842.60 an ounce.
Forex: Yield up slightly
On Thursday, one US dollar remains at $1.25 of the Canadian dollar and $0.88 of the euro, but has slipped to $0.73 of the Pound sterling, after equalling $0.74 of the currency earlier in the week.
The yield on the 10-year U.S. Treasury note was up slightly from Wednesday at 1.829%.
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