Shares of banks and other lenders and money managers were lower.
Federal Reserve Bank of Chicago President Charles Evans said Monday the U.S. economy has a long period of very stimulative monetary policy ahead of it as the central bank works to help the nation emerge from the coronavirus pandemic.
The fallout from Britain's split from the European Union showed itself on the first trading day of the year as a big chunk of dealing volume in EU stocks moved from London to venues located in Amsterdam, Paris and the Continent's other financial centers.
China Oceanwide's four-year-old agreement to buy Genworth Financial, one of the world's longest deal engagements, is petering out. A year-end deadline passed to complete the $2.7 billion deal for the U.S. insurer that was first struck in 2016. Genworth's shares fell sharply Monday.
The price of bitcoin rose as much as 19% over the weekend, trading as high as $34,452 on Sunday, according to CoinDesk. It finished 2020 at $28,966, more than quadrupling on the year.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
01-04-21 1710ET
