US markets fall as investors worry about the consequences of Trump’s possible second accusation

NEW YORK – The US stock market was down as a new week began Monday on Wall Street, with reports from Pres. Joe Biden, who will issue a new economic stimulus plan while investors worry about the consequences of a possible second trial for President Donald Trump. .

Traders are still applauded by the prospect that the incoming government will pump more aid into the U.S. economy, a move that will help Asia and other export-driven countries.

Wall Street finished with more milestones last week, picking up another discouraging job report. The S&P 500 rose 0.5%, the second consecutive record high. The Dow Jones Industrial Average and Nasdaq Composition all closed on new highs.

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The S&P 500 rose 20.89 points to 3,824.68. The Dow rose 0.2%, to 31,097.97. The Nasdaq climbed 1%, to 13,201.98. The Russell 2000 index of small-cap stocks fell 0.2% to 2,091.66. It ended the week with a 5.9% increase, well ahead of the 1.8% increase for the major stocks in the S&P 500.

The hope is high for the introduction of coronavirus vaccines. But reports of new versions of the virus are raising new concerns, as some experts say more studies are needed to see if available vaccines will be effective in limiting versions of the virus.

US stock market crashed below a new week on Monday on Wall Street, with reports that President-elect Joe Biden will issue a new economic stimulus plan, while investors are worried about the consequences of a possible second trial for

Meanwhile, Asian stocks were mixed on Monday as hopes for more US economic aid were tipped over by fears of spreading the damage caused by the pandemic.

South Korea’s Kospi rose 0.2% to 3,157.72. Australia’s S & P / ASX 200 lost 0.9% to 6,697.20. Hang Seng in Hong Kong rose 0.2% to 27,943.86, while the Shanghai Composite fell 0.9% to 3,539.88.

Japanese markets are closed for a national holiday. In addition to concerns about the increasing number of coronavirus infections, another new variant of the virus was reported this past weekend among several people who arrived from Brazil.

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“A resurgence of COVID infections, with evidence of a more contagious, new strain emerging in Asia, outside the West, suggests recovery and vaccine hope are also driving the Tiger’s back,” said Venkateswaran Lavanya of the Mizuho Bank in Singapore said. to the danger of the situation.

The Japanese Prime Minister, Yoshihide Suga, has made sure that the third largest economy in the world is spared as much as possible from the risks of sinking further, even though the cases of coronavirus have recently increased.

Suga’s declaration of a state of emergency for the Tokyo area, which began on Friday, focuses on asking restaurants to close at 8pm. Critics fear this is not enough, and Suga’s support ratings are falling. Crying for his expulsion is likely to increase if the upward fight against infections does not flatten out in a month, as he promised.

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In energy trading, standard U.S. crude fell 59 cents to $ 51.65 a barrel in electronic trading on the New York Mercantile Exchange. It hit $ 1.41 to $ 52.24 a barrel on Friday. Brent crude, the international standard, shed 89 cents to $ 55.10 a barrel.

In currency trading, the US dollar rose to 104.12 Japanese yen from 103.95. The euro cost $ 1.2188, up from $ 1.2220.

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AP business writers Stan Choe, Damian J. Troise and Alex Veiga contributed.