Wall Street: Points Monday

wall street: It scaled 11.87 points Monday, according to The Japan Times. From the outset, a wide range of issues came under profit-taking pressure exerted by an overnight drop on Wall Street in the wake of the release of weaker than expected U.S. construction spending in December. The Nikkei 225 average lost 95.76 points, or 0.44 percent, to end at 21,726.28 after rising 219.35 points Monday. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, closed 8.36 points, or 0.51 percent, lower at 1,619.23. Both the Nikkei and Topix failed to become buoyant for the whole day, as investors retreated to the sidelines amid a dearth of fresh trading incentives, brokers said. Optimism cannot be warranted over the course of trade talks between the two largest economies, Fujii noted. Despite growing hopes for an end to the U.S.-China trade dispute, investors find it difficult to buy stocks further, said Tomoaki Fujii, head of the investment research division at Akatsuki Securities Inc. (news.financializer.com). As reported in the news.