Stock Market Today: Dow, S&P Live Updates for January 12, 2021

Photographer: Noriko Hayashi / Bloomberg

Asian stocks traded mixed on Tuesday after U.S. stocks fell for the first time in five sessions, with prices close at all times. The dollar further expanded its climb as treasury yields reached their highest level since March.

Shares were steady in Japan but slipped in South Korea after a sharp rally this year. S&P 500 and European future have changed little. The stock and currency in Malaysia fell after declaring a state of emergency to help fight a jump in coronavirus cases. Bitcoin rose after falling to 20% on Monday. Gold stopped a run loss, and West Texas Intermediate oil held $ 52 a barrel.

With ten-year treasury returns of around 1.15%, investors are assessing potential risks to the current environment of easy financial conditions and how it can restore expectations for a range of asset classes. Yields have risen on the bet that democratic lawmakers will impose large spending packages to promote the economic recovery of the pandemic.

Concerns that stocks are getting too hot when large parts of the world are facing the worst of the Covid-19 outbreak also weigh on investors.

“A new, more speculative, more volatile phase of the bull market has begun,” said Julian Emanuel, chief equity and derivatives strategist at BTIG LLC. “The depth of such withdrawals in 2021 depends largely on returns.”

Twitter Inc. fell permanently to the social media platform President Donald Trump banned after a mob invaded the Capitol building last week. Shares of Facebook Inc., which suspended Trump’s account, also declined.

House Democrats on Monday tabled a resolution to accuse Trump for a second time and vote this week, unless Vice President Mike Pence uses his constitutional authority to remove the president.

Here are some key events:

These are some of the key movements in markets:

Stocks

• S&P 500 futures contracts have changed little since 14:14 in Tokyo. The S&P 500 index fell 0.7%.
• Japan’s Topix added 0.1%.
• Australia’s S & P / ASX 200 fell 0.3%.
• Hang Seng in Hong Kong added 0.4%.
• Shanghai Composite rose 0.8%.
• South Korea’s Kospi slipped by 2.4%.

Currencies

• The Bloomberg Dollar Spot Index rose 0.1%.
• The yen changed little at 104.31 per dollar.
• The euro fell 0.1% to $ 1.2142.
• The pound changed little at $ 1.3524.
• The foreign yuan was 0.1% higher at 6.4700 per dollar.

Effects

• The return on 10-year treasury was 1.15%.

Commodities

• West Texas Intermediate crude fell 0.2% to $ 52.17 a barrel.
• Gold rose 0.4% to $ 1,851 an ounce.

– Assisted by Vildana Hajric