Traders work at the New York Stock Exchange.On Wall Street, travel stocks weighed on sentiment, with airline and cruise operators falling sharply. — Reuters picNEW YORK, April 21 ― A gauge of stock prices across the world fell yesterday and oil prices also slipped as concern lingered over rising global Covid-19 cases and their effect on the global economic rebound.
On Wall Street, travel stocks weighed on sentiment, with airline and cruise operators falling sharply. The Dow Jones Industrial Average fell 256.33 points, or 0.75 per cent, to 33,821.3, the S&P 500 lost 28.32 points, or 0.68 per cent, at 4,134.94 and the Nasdaq Composite dropped 128.50 points, or 0.92 per cent, to 13,786.27.
“There really isn't a strong catalyst in either direction this month to really break us out of ranges,” Issa said.The Japanese yen strengthened 0.08 per cent versus the greenback at 108.09 per dollar, while sterling was last trading at US$1.3939, down 0.31 per cent on the day.