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Stock market today January 27, 2021

Stock market today

A selloff today for the US stock market. S&P 500 fell more than 2.5%, Dow Jones fell more than 2% and the Nasdaq composite fell more than 2.60%. The closing numbers for the US stock market today follow.

S&P 500: 3,750.77,-98.85(-2.57%)
Dow 30: 30,303.17,-633.87(-2.05%)
Nasdaq: 13,270.60,-355.47(-2.61%)
Russell 2000: 2,109.30,-40.55(-1.89%)

Stock market data: Yahoo Finance

Stock market news

“Stocks sank Wednesday as investors digested the Federal Open Market Committee’s (FOMC) January monetary policy decision and latest batch of corporate earnings results.

In its January policy statement, the Federal Reserve underscored the recent deterioration in economic data amid the ongoing pandemic, saying that, “The pace of the recovery in economic activity and employment has moderated in recent months. This language was updated from the Fed’s December statement, which simply noted that economic activity and employment were still “well below their levels” from the start of 2020.

As expected, the central bank kept benchmark interest rates unchanged at their near-zero level, and recommitted to leaving rates untouched until labor market conditions and inflation trends achieved the Fed’s targets. The Fed also said it would continue its crisis-era asset purchase program at the current rate of $120 billion per month.”

Stock market data: Yahoo Finance



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