Stocks held back by higher Treasury yields as well as grim milestone of 500,000 coronavirus deaths in US

GR Silver Mining Ltd (CVE: GRSL) (FRA: GPE) (OTCQB: GRSLF) announces the very first ground geophysical program on the San Marcial project in Sinaloa, Mexico

XPhyto Therapeutics Corp (CSE: XPHY) (OTCQB: XPHYF) (FRA: 4XT) plans to start sales in Europe of its RT-PCR test for coronavirus in April of this year

Nano One Materials Corp (CVE: NNO) (OTCPINK: NOMF) (FRA: LBMB) Says Technology Works Well in Solid-State Battery Testing with University of Michigan

Ximen Mining Corp (CVE: XIM) (OTCQB: XXMMF) reports further promising exploration results from the Providence project in British Columbia

CytoDyn Inc (OTCQB: CYDY) Says Data From Its Phase 2b / 3 Vyrologix Coronavirus Trial To Be Released Pending Regulatory Negotiations

GoviEx Uranium Inc (CVE: GXU) (OTCQB: GVXXF) (FRA: 7GU) strengthens the board with Salma Seetaroo and Eric Krafft as Lechtzier and Hanson retire

Elys Game Technology Corp (NASDAQ: ELYS) (NEO: ELYS) (FRA: 3UW) expands strategic partnership with Sportradar ahead of US launch of sports betting platform

KushCo Holdings Inc (OTCQX: KSHB) Inc Goes Forward with Registered Direct Offer of $ 40 Million to Repay Debt and Promote Other Business Objectives

Gevo Inc (NASDAQ: GEVO) (FRA: ZGV3) and Scandinavian Airlines modify sales agreement to increase minimum purchase of sustainable aviation fuel

The main Wall Street stock indexes started the week on the right foot, as market sentiment appeared to be on the rise

Shortly after the opening bell, the Dow Jones Industrial Average was down 058% to 31310, while the S&P 500 fell 075% to 3877 and the Nasdaq fell 128% to 13688

U.S. stocks have been held back by higher yields on 10-year Treasuries, which are currently at a year-long high, as well as a mixed set of coronavirus statistics that showed deaths Americans due to the virus had exceeded 500,000 despite a sharp drop in new infections

Meanwhile, shares of Boeing Co (NYSE: BA) fell 16% to $ 21385 in early deals after a number of its 777 planes grounded after one of the planes suffered an engine malfunction that forced him to make an emergency landing in Denver over the weekend

The main Wall Street indices are expected to open with a decidedly reddish hue this afternoon, following the shifted tone of global markets

Spread betting quotes indicate that the Dow Jones Industrial Average will open 181 weaker points at 31313 and the S&P 500 will yield 19 points at 3878 The tech-heavy Nasdaq 100 is also expected to open 186 points down to 13,395

There has been mixed news on the coronavirus (COVID-19) front, with the number of new US cases reported yesterday 14% lower than a week earlier at 56,000

“The rate of decline in confirmed cases appears to have slowed sharply in recent days, but this is likely a catch-up from last week, when extreme weather conditions depressed testing activity and, therefore, the number of reported cases Testing activity has not yet returned to normal but the rate of fall has slowed; we expect a rebound during this week, ”suggested Ian Shepherdson of Pantheon Macroeconomics

“The underlying trend of new cases is probably still down by around 20-25% per week, and we are not yet seeing any signs that the spread of the more contagious variant of B117 is slowing the rate of decline , even in Florida, where it appears to be most prevalent, ”Shepherdson said, adding that“ it is too early to say that B117 will not be a problem ”

The US macroeconomic closet is not entirely empty today, but it has the equivalent of that minestrone you forgot you still have, namely leading indicators for January

“The US leading index should rise by one tick It’s better than dropping a notch, but I don’t think it’s enough to change your mind about the US economy,” a said Marshall Gittler of BDSwiss

The foregoing has been published by Proactive Investors Limited (the “Company”) on its website and is made available subject to the terms and conditions of use of its website (see T&C)

Loop Insights CEO (CVE: MTRX- OYCQB: RACMF) Rob Anson has joined Proactive’s Steve Darling to announce that the company has completed the acquisition of a global location intelligence company Localally This company is a leader in human motion intelligence data

Anson discusses the opportunity

Market Indices, Commodities & Regulatory News copyright © Morningstar Data delayed by 15 minutes unless otherwise noted Terms of Use

Slides

News from around the world – CA – Wall Street slides at the opening bell

Source: https://www.proactiveinvestors.com/companies/news/941921/wall-street-slides-at-the-opening-bell-941921.html