S&P 500 posts record close, fourth consecutive win

0


The final week of 2021 got off to a good start, with each of the top three indices securing a fourth consecutive daily victory. The Dow Jones added 351 points, while the S&P 500 notched a high intraday charge and near record, as investors applauded the “Santa Claus Gathering.” The high-tech Nasdaq also walked away with solid gains, after new data confirmed that the omicron variant of Covid-19 is less severe than other strains. Strong holiday retail sales data, which showed an 8.5% year-on-year growth rate, the fastest in 17 years, also helped investor sentiment today. Meanwhile, the Cboe Volatility Index (VIX) recorded its fourth consecutive loss.

Read on to learn more about the current market, including:

  • First-rate name among the first to report income in 2022.
  • Higher rental rates did not give Stock Notice Budget a helping hand.
  • Plus, why the options bulls blasted NKLA; unpack the surge in shares of FuelCell; and the investor takes a stake in the web hosting name.

the Dow Jones Average (DJI – 36,302.38) increased 351.8 points, or 1% for the day. Microsoft (MSFT) led the winners, adding 2.3%, while Walt Disney (DIS) caught up with the laggards with a 0.5% drop.

the S&P 500 Index (SPX – 4,791.19) added 65.4 points, or 1.4% for the day. Meanwhile, the Nasdaq Composite (IXIC – 15,871.26) jumped 217.9 points, or 1.4% for the day.

Finally, the CBOE Volatility Index (VIX – 17.68) loses 0.3 point, or 1.6% for the day.

nysedec27
  1. Chief medical adviser Dr Anthony Fauci said the reduction isolation time for people infected with Covid-19 is now “seriously considered”. (Market observation)
  2. British Prime Minister Boris Johnson decides whether or not to impose Restrictions related to Covid-19 in England, after Scotland, Wales and Northern Ireland started new borders. (CNBC)
  3. Options bulls blasted Nikola stock over his first delivery by truck.
  4. Stock of fuel cells jumped after a favorable settlement agreement.
  5. This web hosting name has appeared on new 6.5% investor stake.

There were no notable earnings reports today.

uvoldec27

Gold secures winning streak as US dollar strengthens

Oil prices posted a solid victory on Monday, returning to positive territory at the end of the session as investors appeared broadly to rule out the rise in Covid-19 infections and favor riskier assets. In turn, February crude added $ 1.78, or 2.4%, to close at $ 75.57 a barrel.

Meanwhile, gold prices retreated as the US dollar strengthened, ending a three-day winning streak. However, the precious metal was still able to hold above the psychologically significant level of $ 1,800. Gold dated February fell $ 2.90, or 0.2%, to close at $ 1,808.80 an ounce.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Share.

Comments are closed.