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❗US500 rally fades away📉

6:29 PM 4 January 2021

Wall Street indices lose over 2%

The S&P 500 index fell over 2.2% in the first session of 2021. Other major US indices are also losing over 2%. Even before the start of the session on Wall Street, contracts reached new historical hights. Today's pullback is related to several factors:

  • the number of coronavirus cases worldwide is on the rise despite vaccination
  • additional elections in Georgia in the US tomorrow could lead to a full takeover of power by Democrats - a threat to tech companies due to possible higher taxes
The S&P 500 fell over 2% and is trading around the3650 pts level. Source: xStation5
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