Shares on Wall Street closed sharply lower on Monday, sliding from all-time peaks on the first trading day of the year, as risk appetite ebbed amid upcoming run-off elections in Georgia and the persistent surge in coronavirus cases.
US triplets saw a volatile day amidst uncertainty, though stocks recovered almost 50% from intra day cuts still all the three majors lost close to 1.25% % to 1.50%. Russell 2000 also saw a cut of 1.47%.
The risk-off trade took Cboe Vix to multiweek highs near 28 before cooling off near 27, USD index also moved higher near 89.90 after falling bow 89.50 in opening trade, 10 year closed lower near 0.92.
Crude futures also saw some cuts on risk-off trade and on fears of demand slowdown; WTI near 47, Brent below 51.
By: via @AlliesFin Serve Stock Market
