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Stocks mostly higher, bond yields jump on Georgia result; protests at US Capitol erode gains | Malay Mail

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NEW YORK, Jan 7 — Global stock indexes were mostly higher and 10-year US Treasury yields topped 1 per cent for the first time since March but stocks ended off session highs after hundreds of protesters stormed the US Capitol and sought to force Congress to undo President Donald Trump’s election...

Thursday, 07 Jan 2021 07:00 AM MYT

The gains followed results from yesterday’s runoff elections in Georgia that by late in the day gave Democrats control of the US Senate. The Dow and S&P 500 ended up and the Nasdaq finished lower. Technology shares fell amid concern over increased regulatory scrutiny of technology mega-caps under Democratic control.

The Dow Jones Industrial Average rose 437.8 points, or 1.44 per cent, to 30,829.4, the S&P 500 gained 21.28 points, or 0.57 per cent, to 3,748.14 and the Nasdaq Composite dropped 78.17 points, or 0.61 per cent, to 12,740.79.

 

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