Mon, 25 Jan 2021

NEW YORK, New York - Wall Street saw buyers and sellers sidelined on Thursday, with little movement in shares in either direction.

The industrial indices dipped slightly, while the technology sector made a small gain.

Tech stocks were helped by the announcement of a $40 billion buyback by Microsoft, whose shares rose about 2% on the news.

The Standard and Poor's 500 literally went nowhere, adding just 0.06 of a point to 3,006.79.

The Dow Jones industrials fell 52.29 points or 0.19% to 27,094.79.

The Nasdaq Composite saved the day, only just, with a 5.49 points or 0.07% gain to 8,182.88.

The U.S. dollar was mixed. Against the euro it was unchanged at 1.1043. The British pound rose against the dollar, finishing the New York session on Thursday around 1.2523. The Japanese yen was a fraction higher at 108.04. The Swiss franc was unchanged at 0.9928.

The Canadian dollar inched up to 1.3262. The Australian dollar edged higher after a sharp fall in the Asian session, prompted by a poor employment report. The New Zealand dollar was unwanted, losing more ground to 0.6301.

In overseas markets, the FTSE 100 in London rose 0.58%. The German Dax was 0.55% higher, while the CAC 40 in Paris climbed 0.68%.

In Asia, the Nikkei 225 in Tokyo gained 83.74 points or 0.38% to 22,044.45.

The Shanghai Composite added 13.62 points or 0.46% to 2,999.28.

The Australian All Ordinaries closed at a 7-week high, gaining 34.00 points or 0.50% to 6,825.20.

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